FOR SALE
Offers Above $899,000

50 Mason Street
Mareeba QLD 4880

Bedrooms: 7
Bathrooms: 3
Car spaces: 4
Land area: 1826m2
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INVEST & LIVE IN THE HEART OF THE MAREEBA CBD

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 $280 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
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Property Details for 50 Mason St, Mareeba

50 Mason St, Mareeba is a 7 bedroom, 3 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 1826m2. The place is currently for sale with Mareeba Property Office.

Building Type
BlockOfUnits
Land Size
1826m2

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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 6,114 properties. Over the last 5 years, Houses in Mareeba have seen a 61.26% increase in median value, while Units have seen a -1.83% decrease. As at 31 October 2024:

  • The median value for Houses in Mareeba is $453,367 while the median value for Units is $294,033.
  • Houses have a median rent of $480 while Units have a median rent of $350.
There are currently 127 properties listed for sale, and 8 properties listed for rent in Mareeba on OnTheHouse. According to CoreLogic's data, 254 properties were sold in the past 12 months in Mareeba.

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