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Sold
Block_of_units
SOLD on Feb 2023
$725,000
89 Digger Street, Cairns North, QLD, 4870, Australia
8
4
3
507 m²
Property Features
- Balcony
- Broadband
- Courtyard
- Air Conditioning
- Split System Air Con
About this Property
Positioned just 2 blocks from the Cairns Esplanade, this rare full block of 4 units is offered for sale for the first time in over a decade, offering a ripe opportunity for the investor.
Set on a 507m2 allotment and backing onto parkland, the circa 1940s original building offers 4x 2 bedroom, 1 bathroom units, each updated with a modern kitchen and with a shared laundry room, metred back to each unit.
The property is on a single title with no Body Corporate, and there is a detached carport to the rear, with gated side access.
3 of the 4 units are currently tenanted, with the 4th currently vacant.
Unit 1 (ground floor, front unit) $320 per week to 12/2/23
Unit 2 (ground floor, rear unit) $315 per week to 11/06/23
Unit 3 (upstairs, front unit) $305 per week to 05/03/23
Unit 4 vacant
There is potential to increase rents with the next renewals, and with the 4th unit let there is a potential gross income of $1300 per week ($325x4).
Being an older building, there are opportunities to improve and upgrade and enjoy the benefits - but the gutters are new and there is a split system AC to each unit. With upgrades and furnished, the property could alternatively serve as a great location for AirBnB, being so close to the Esplanade and airport.
For more information or to arrange an inspection (24 hours notice required), contact Tom Quaid at Quaid Real Estate.
*please note photos have been digitally staged to remove tenants' personal items
Set on a 507m2 allotment and backing onto parkland, the circa 1940s original building offers 4x 2 bedroom, 1 bathroom units, each updated with a modern kitchen and with a shared laundry room, metred back to each unit.
The property is on a single title with no Body Corporate, and there is a detached carport to the rear, with gated side access.
3 of the 4 units are currently tenanted, with the 4th currently vacant.
Unit 1 (ground floor, front unit) $320 per week to 12/2/23
Unit 2 (ground floor, rear unit) $315 per week to 11/06/23
Unit 3 (upstairs, front unit) $305 per week to 05/03/23
Unit 4 vacant
There is potential to increase rents with the next renewals, and with the 4th unit let there is a potential gross income of $1300 per week ($325x4).
Being an older building, there are opportunities to improve and upgrade and enjoy the benefits - but the gutters are new and there is a split system AC to each unit. With upgrades and furnished, the property could alternatively serve as a great location for AirBnB, being so close to the Esplanade and airport.
For more information or to arrange an inspection (24 hours notice required), contact Tom Quaid at Quaid Real Estate.
*please note photos have been digitally staged to remove tenants' personal items
Gallery
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Thomas Quaid
Quaid Real Estate
+ 61 0400 773 444
Quaid Sales
Quaid Real Estate
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More Details on 89 Digger Street, Cairns North QLD
How many bedrooms and bathrooms does 89 Digger Street, Cairns North have?
89 Digger Street, Cairns North is a 8 bedroom, 4 bathroom block_of_units.
Who is the agency that listed 89 Digger Street, Cairns North?
The agency who listed 89 Digger Street, Cairns North is Quaid Real Estate - you can contact the agents here.
How many car spots does 89 Digger Street, Cairns North have?
89 Digger Street, Cairns North is a 3 car spot home.
How much is 89 Digger Street, Cairns North?
The price of 89 Digger Street, Cairns North is $725,000 - contact the agents to find out more.