This Melbourne South East rent roll comprises 548 long-term residential and 6 commercial managements, with many properties close to the office. Annual management income is $709,930 and total rent-roll income is $893,077; the vendor also offers the option to purchase the entire business as a going concern.
Written by us from the broker's listing. Read the full listing on The Rent Roll Broker's site.
Key facts
Portfolio
Property type
Residential
Properties
554
Property mix
548 residential, 6 commercial
Average weekly rent
$451
Location
Melbourne – South East, VIC
Suburbs mentioned
Not disclosed
Income
Annual management income
$709,930
Other fee income
$183,147
Total income
$893,077
AAMI (per property)
$1,281
Average management fee
5.49%
Price
Price type
Fixed price
Price
$2,300,000
Multiple
3.24× (calculated: price ÷ management income)
GST basis
Excluding GST
Sale details
Status
Sold
Staff
Not disclosed
Office
Office premises mentioned; inclusion not specified
Software
Not disclosed
Reason for sale
Not disclosed
Listed
21 Jan 2024
Sold
Already sold when we first saw it
Broker reference
RRB2401
Price and status history
First seen as sold15 Oct 2026
Information summarised from The Rent Roll Broker's listing (ref RRB2401). Last checked today. Always confirm details with the broker.