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For sale

Block_of_units5mo

$950,000

1A Newell Avenue, Mareeba, QLD, 4880, Australia

8Bedrooms
4Bathrooms
8Carspots
1012 m²Land size
Map of the surrounding area

Property Features

  • Deck
  • Air Conditioning

About this Property

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.

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Mareeba Property Office

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More Details on 1A Newell Avenue, Mareeba QLD

How many bedrooms and bathrooms does 1A Newell Avenue, Mareeba have?

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1A Newell Avenue, Mareeba is a 8 bedroom, 4 bathroom block_of_units.

Who is the agency that listed 1A Newell Avenue, Mareeba?

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The agency who listed 1A Newell Avenue, Mareeba is Mareeba Property Office - you can contact the agents here.

How many car spots does 1A Newell Avenue, Mareeba have?

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1A Newell Avenue, Mareeba is a 8 car spot home.

How much is 1A Newell Avenue, Mareeba?

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The price of 1A Newell Avenue, Mareeba is $950,000 - contact the agents to find out more.