50 Mason Street, Mareeba QLD 4880

Looking to add to your investment property portfolio or wanting to get started? 50 Mason Street ticks all the boxes: low maintenance red brick construction, great central location and immediate rental returns. The current owner has benefitted from consistent rental yields and occupancy rates for decades.

Rarely does an opportunity come along where you can be a landlord and benefit from three separate income streams at the same address. Or, perhaps live upstairs and continue to lease out the two ground level units which are currently tenanted. The above Unit could be rented for approx. $500 per week and the two units below are currently being rented $240 per week each.

At ground level, each 2 bedroom, 1 bathroom unit is open plan in design with its own single lockable garage. Each unit has access to the communal back balcony and the back yard offers plenty of flat usable space and views of the Bicentennial Lakes and gardens. With wide streets, there is plenty of parking available.

The upper level is a 3 bedroom, 1 bathroom home, with built-in wardrobes, fair sized office and generous kitchen, living and dining spaces. Two bedrooms and the office access the front balcony. At the rear is a private tiled undercover entertainment balcony that has views of the park and the neighbourhood street.

Property features include:

• Solid red brick construction ensures easy external maintenance
• Ground level - 2 x 2 bedroom + 1 bathroom units with driveway & single lockup garage
• Upper level - 3 bedroom + 1 bathroom home with built-in robes, office, tiled undercover entertainment area at the rear (access from main bedroom & second bedroom & office has separate balcony)
• Air-conditioned, ceiling fans & security screens on doors & windows
• Double bowl sink in neat and tidy laundry
• Lift and stair access to the upper level
• Double garage at rear of property for the upper level accommodation
• Plenty of storage and glass display cabinets in all kitchens
• Rainwater tank and raised garden bed
• Lower level with stair access (space with shelving, separate toilet and lockable room for yard maintenance equipment)
• Large back yard

If the time is right to become the proud owner of this two storey residential unit block situated on a generous 1,826m2, put this investment opportunity on your radar. Ready for new owners to inspect today!

From all of us at Mareeba Property Office, we wish you every success with your property search. If you would like more details on this property or to arrange an inspection, please call or email us today.