37 Tower AvenueAtherton QLD 4883
Property Details for 37 Tower Ave, Atherton
37 Tower Ave, Atherton is a 6 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 2004m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 6 bedroom BlockOfUnits sold in Atherton in the last 12 months.
Last Listing description (December 2023)
Introducing a remarkable investment opportunity in the heart of Atherton, just moments away from the CBD. This masonry block triplex, nestled on an expansive half-acre lot, offers an ideal proposition for the savvy investor.
Each of the three units boasts a generous 2-bedroom, 1-bathroom layout, providing comfortable living spaces for tenants. The well-maintained interiors are a testament to the excellent condition these units are in, with no immediate renovations or repairs needed.
The property also includes a convenient single-bay carport for each unit, ensuring residents have a hassle-free parking experience and a wide concrete driveway making access a breeze.
What sets this investment apart is the vast potential it holds. At the rear of the property, there is vacant land that was previously approved for the development of two additional units (New approval would be required). This presents a golden opportunity to expand your investment portfolio or increase your rental income potential.
With all units currently rented, you can enjoy steady cash flow from day one. Atherton's thriving rental market ensures great returns on your long-term investment. Plus, the proximity to the Atherton CBD means that your tenants will enjoy easy access to shopping, dining, and all the conveniences of urban living.
Don't miss out on this exceptional investment property in Atherton. Whether you're a seasoned investor or just starting your real estate journey, this triplex is a golden opportunity to secure a stable, income-generating asset with the potential for growth. Contact Exclusive Marketing Agent Kaydee Chatfield 0417 468 941 at Main Street Real Estate today to schedule a viewing and explore the endless possibilities this property has to offer.
Property History for 37 Tower Ave, Atherton, QLD 4883
- 01 Dec 2023Sold for $662,500
- 08 Nov 2023Listed for Sale Not Disclosed
- 17 Oct 1993Sold for $225,000
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0About Atherton 4883
The size of Atherton is approximately 94.1 square kilometres. It has 33 parks covering nearly 9.3% of total area. The population of Atherton in 2011 was 7,286 people. By 2016 the population was 7,337 showing a population growth of 0.7% in the area during that time. The predominant age group in Atherton is 60-69 years. Households in Atherton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Atherton work in a professional occupation. In 2011, 56.7% of the homes in Atherton were owner-occupied compared with 56.8% in 2016.
Atherton has 4,575 properties. Over the last 5 years, Houses in Atherton have seen a 68.35% increase in median value, while Units have seen a 50.69% increase. As at 31 October 2024:
- The median value for Houses in Atherton is $482,923 while the median value for Units is $326,518.
- Houses have a median rent of $475 while Units have a median rent of $340.
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