24 Stephens Street, Dimbulah, QLD, 4872, Australia

Discover a fantastic one-off investment opportunity, not to be missed, returning a massive 10.3% NET with this solid block of units located at 24 Stephens Street, Dimbulah, a thriving farming region on the edge of the Atherton Tablelands. Featuring 8 bedrooms and 4 bathrooms (4 x 2 bedroom units), this property is perfect for investors looking to add to their rental portfolio and benefit from an immediate income stream.

With its central location and ample parking space, this block of units offers a comfortable and convenient lifestyle for tenants, as well as a myriad of earning opportunities for an astute investor, with the town lacking holiday or motel type accommodation and availability for farmworker and contractor accommodation being very limited. This unique property won’t disappoint.

Each spacious self-contained 2-bedroom unit features generous open-plan kitchen, living and dining areas, double bedrooms with built-ins and aircons, the well-appointed bathrooms are designed with functionality mind, offering a dual laundry and bathroom layout. The property also features 2 carports with space for 4 vehicles, two storage sheds, located in the private, fully fenced back yard.

Situated close to the heart of Dimbulah, residents will enjoy easy access to local amenities including the new medical clinic, shops, schools, and parks. The tranquil surroundings and friendly community make this location highly desirable for tenants seeking a peaceful and relaxed lifestyle.

Opportunities like this do not come along every day, so now is your chance to obtain an entire unit complex and enjoy the benefits of 4 residential rental incomes (estimated at between $350 to $400/apartment/week) or keep it as is - currently a share accommodation address (rented room by room). All units are fully furnished, including kitchen appliances, washing machines, utensils, and bed linen.

Property Features Include:
• 809m2 freehold allotment in the heart of Dimbulah
• Close to town and amenities
• 4 x 2-bedroom well-maintained units (split system air-conditioning & carpet in bedrooms)
• Generously sized bedrooms with built-in robes in 7 rooms
• Open plan, tiled living areas
• Spacious modern kitchen
• Large bathroom/laundry room combined
• Undercover carport space for each unit
• 4 units tenanted earning $140 / person - $560 / week / unit
• Gross investment return of 12.6% for the 2023-2024 financial year
• Net investment return 10.3% for the 2023-2024 financial year
• Chattels list included in the sale
• Wi-Fi to the property

Take advantage of the high rental demand in the Dimbulah area and start generating a steady income with this exceptional investment property.

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