Deal Review: Month-to-month leases = upside
This is a great entry deal!
With 6 tenants, you’ll always have income coming in.
There’s potential upside with leases being month-to-month.
A couple of warnings. I noticed a mistake the agent made in the IM that needs to be checked.
You’ll also need to find out more information on the cap rate. I’ll explain why in the video below.
Property link: https://www.commercialrealestate.com.au/property/2812-logan-road-underwood-qld-4119-2019435817
IM here: https://drive.google.com/file/d/1kN-q98wymQlW0Pwhj-m6CafeJVL2OUSU/view?usp=sharing
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