3 tenancies, 7% return in Melbourne 👎

3 tenancies for $375k in Melbourne with upside potential, sounds good right? 

I’ll explain why this still doesn’t get me excited. 

A quick look over the property and I’ve already spotted several red flags.

Live listing: https://www.commercialrealestate.com.au/property/unit-23-25-249-lonsdale-street-dandenong-vic-3175-2017625267

IM is here:  https://drive.google.com/file/d/11-5CQRGK06J1rRt49ayVoJcLTxIBeqWF/view?usp=sharing

Some of what I cover: 

• Could this be alright for a SMSF? 
• 1 reason you have to watch out for properties like this
• A simple mistake the agent has made with the listing and why you always need to double check figures 
• 2 easy strategies to increase the cashflow and value