FOR SALE
$950,000

1a Newell Avenue
Mareeba QLD 4880

Bedrooms: 8
Bathrooms: 4
Car spaces: 8
Land area: 1012m2
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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.
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Property Details for 1a Newell Ave, Mareeba

1a Newell Ave, Mareeba is a 8 bedroom, 4 bathroom BlockOfUnits with 8 parking spaces. The property has a land size of 1012m2. The place is currently for sale with Mareeba Property Office.

Building Type
BlockOfUnits
Land Size
1012m2

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About Mareeba 4880

The size of Mareeba is approximately 480.2 square kilometres. It has 30 parks covering nearly 48.1% of total area. The population of Mareeba in 2011 was 10,181 people. By 2016 the population was 11,091 showing a population growth of 8.9% in the area during that time. The predominant age group in Mareeba is 0-9 years. Households in Mareeba are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mareeba work in a labourer occupation. In 2011, 62.2% of the homes in Mareeba were owner-occupied compared with 63.4% in 2016.

Mareeba has 6,038 properties.

    There are currently 120 properties listed for sale, and 13 properties listed for rent in Mareeba on OnTheHouse. According to CoreLogic's data, 243 properties were sold in the past 12 months in Mareeba.

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