This Frankston portfolio comprises approximately 229 managements, including 47 residential properties and 182 rooming tenancies. Annual management and rent-collection income is $242,783.67, with a further $37,372.30 in fees and charges. The rooming portfolio includes purpose-built student accommodation, and a staff member experienced in rooming-house management may be retained.
Written by us from the broker's listing. Read the full listing on Real Estate Dynamics' site.
Key facts
Portfolio
Property type
Mixed
Properties
Approx. 229
Property mix
47 residential, 182 other
Average weekly rent
Not disclosed
Location
Mornington Peninsula, VIC
Suburbs mentioned
Frankston
Income
Annual management income
$242,784
Other fee income
$37,372
Total income
$280,156
AAMI (per property)
$1,239
Average management fee
Not disclosed
Price
Price type
Fixed price
Price
$666,177
Multiple
2.74× (calculated: price ÷ management income)
Residential Rent Roll multiple
3.2×
Rooming Rent Roll multiple
2.6×
GST basis
Not stated
Sale details
Status
Sold
Staff
Potential retention of a staff member experienced in rooming-house management
Office
Not disclosed
Software
Not disclosed
Reason for sale
Not disclosed
Listed
Not disclosed
Sold
Already sold when we first saw it
Broker reference
1553153
Price and status history
First seen as sold15 Oct 2026
Information summarised from Real Estate Dynamics' listing (ref 1553153). Last checked today. Always confirm details with the broker.