FOR SALE
$485,000

167 Mourilyan Road
South Innisfail QLD 4860

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Floor area: 438m2
Land area: 708m2
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HIGH YIELD TRIPLEX INVESTMENT OPPORTUNITY

THE DEAL
Set in the heart of South Innisfail. This attractive triplex, featuring three 2-bedroom units, each with a newly replaced kitchen, for enhanced comfort and functionality. Generating a robust $795 per week, this property is a financial powerhouse giving you consistent returns. The strategic mix of periodic and fixed tenancies adds an extra layer of investment security, allowing you to secure your returns or add value immediately for stronger returns and tenant appeal. Positioned on a generous 708m2 lot, each unit benefits from its own cemented undercover carport, enhancing tenant appeal. While the bathrooms may invite a touch of refurbishment, the opportunity to add value is evident and enticing. Located just a stone's throw from the CBD, this corner complex is not just an investment, it's a strong investment opportunity allowing you to add your personal touch and provide strong future returns.
THE PROPERTY
- 3 x 2 Bedroom Units
- Cemented Undercover Carport for Each Unit
- Single Bathrooms to Each Unit
- 708m2 Lot
- Returning $795 Per Week
- 8.55% Gross ROI
- 2 x Periodic Tenancies 1 x Fixed Tenancy
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Property Details for 167 Mourilyan Rd, South Innisfail

167 Mourilyan Rd, South Innisfail is a 6 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 708m2 and floor size of 438m2. The place is currently for sale with One Hive Property Group.

Building Type
BlockOfUnits
Floor Size
438m2
Land Size
708m2

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About South Innisfail 4860

The size of South Innisfail is approximately 7 square kilometres. It has 2 parks covering nearly 27.4% of total area. The population of South Innisfail in 2011 was 621 people. By 2016 the population was 536 showing a population decline of 13.7% in the area during that time. The predominant age group in South Innisfail is 50-59 years. Households in South Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Innisfail work in a labourer occupation. In 2011, 68.3% of the homes in South Innisfail were owner-occupied compared with 64.9% in 2016.

South Innisfail has 266 properties.

    There are currently 7 properties listed for sale, and no properties listed for rent in South innisfail on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in South innisfail.

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