$950,000
1A Newell Avenue, Mareeba QLD 4880
Other
8444
Block size: 1012 m² approx.
UNIT INVESTMENT - IMMEDIATE INCOME EARNER
On the market for the first time in many decades is this solid, concrete block unit complex.
Situated on a 1012m2 allotment in a quiet cul-de-sac towards the northern end of town, Units 1 & 2 were built in the 1970’s, with Units 3 & 4 being added in the 1980’s.
This complex of 4 units is currently returning an income of over $1,030 per week; presenting a terrific opportunity for investors to snap up now.
• 8 Beds
• 4 Baths
• 4 Car Accommodation (single carports) + off-street parking available
Constructed from solid masonry block inside and out and with iron roofing; each unit features 2 bedrooms and 1 bathroom, combined living & dining space, kitchen, internal laundry + single carport.
Units 1 & 2 have some air-conditioning and security screening on doors and windows, while Units 3 & 4 have standard screen netting.
The current owners have enjoyed a relatively low vacancy rate over many years. With this investment, income is spread across 4 separate rentals, so when 1 tenant decides to relocate, you still have the benefit of receiving income from the other 3 units.
Considering investing? This complex of 4 units is an immediate income earner, has a great occupancy and rental history and represents a solid residential property asset for the astute investor to acquire.
At the same time, new owners can bring in their own ideas to make further improvements to the property as there is scope to capitalise and add some contemporary updates over time, with the aim of increasing the ROI.
So, if property investment is on your radar, put this unit complex on your “must see” list.
From all of us at Mareeba Property Office, we wish you every success with your property search. If you would like more details or to arrange an inspection on this property, please call or email us today.
Situated on a 1012m2 allotment in a quiet cul-de-sac towards the northern end of town, Units 1 & 2 were built in the 1970’s, with Units 3 & 4 being added in the 1980’s.
This complex of 4 units is currently returning an income of over $1,030 per week; presenting a terrific opportunity for investors to snap up now.
• 8 Beds
• 4 Baths
• 4 Car Accommodation (single carports) + off-street parking available
Constructed from solid masonry block inside and out and with iron roofing; each unit features 2 bedrooms and 1 bathroom, combined living & dining space, kitchen, internal laundry + single carport.
Units 1 & 2 have some air-conditioning and security screening on doors and windows, while Units 3 & 4 have standard screen netting.
The current owners have enjoyed a relatively low vacancy rate over many years. With this investment, income is spread across 4 separate rentals, so when 1 tenant decides to relocate, you still have the benefit of receiving income from the other 3 units.
Considering investing? This complex of 4 units is an immediate income earner, has a great occupancy and rental history and represents a solid residential property asset for the astute investor to acquire.
At the same time, new owners can bring in their own ideas to make further improvements to the property as there is scope to capitalise and add some contemporary updates over time, with the aim of increasing the ROI.
So, if property investment is on your radar, put this unit complex on your “must see” list.
From all of us at Mareeba Property Office, we wish you every success with your property search. If you would like more details or to arrange an inspection on this property, please call or email us today.
Features
- Air Conditioning
- Allocated Car Spaces
- Ceiling Fans
Inspections
No open inspections scheduled.
Send an enquiry
Contact Mareeba Property Office to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
8
Bathrooms:
4
Parking:
4
Carport spaces:
4
Property type:
Other
Block Size:
1012 m²*
Other Details
Lot:
1
Plan Type:
RP
Plan:
708343
Legal description:
1/RP708343
Maps and area information
Block information
Block size: 1012m² (approx)
Legal description: 1/RP708343
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
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SummaryMedian sales
Average Age
44 years
Population
11,825
Listing ID: 179754643. This listing has been viewed 18 times. It was first displayed on 29/07/2021 and last updated on 07/02/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.