SOLD
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Sold on 07 Aug 2023 for $403,000

9 Ryan Street
East Innisfail QLD 4860

Bedrooms: 5
Bathrooms: 3
Car spaces: -
Land area: 1012m2
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Property Details for 9 Ryan St, East Innisfail

9 Ryan St, East Innisfail is a 5 bedroom, 3 bathroom BlockOfUnits. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in August 2023. There are other 5 bedroom BlockOfUnits sold in East Innisfail in the last 12 months.

Building Type
BlockOfUnits
Land Size
1012m2
Local Government
Cassowary Coast Regional
Lot/Plan
2/RP705575

Last Listing description (August 2023)

Centrally located just a short 3-minute drive from the town centre, this art deco complex has an estimated return of $44,200 - $48,880 PA, offering an unparalleled chance for investors.

Situated on an expansive 1,021sqm block of useable land, this complex has been meticulously maintained. Recent upgrades include fresh interior and exterior paint, new gutters (installed within the last 12 months), solid block external walls and renovated kitchens.

Additionally, the property features two separate sheds (one with water supply) to the rear of the property along with dual side access to either side of the property.

The upper level encompasses a spacious 2-bedroom unit with stunning timber floors throughout. The generous living area has the potential to be easily converted into a third bedroom. This unit also offers a private rear patio and front, adding to its already abundant charm. This unit presents an estimated rental return of $320- $380 per week.

Downstairs, there are two additional units. One comprises 2 bedrooms, 1 bathroom and has been fitted with fresh vinyl flooring, projecting an estimated return of $280 - $320 per week. The second unit consists of 1 bedroom and 1 bathroom, with an expected return of $250 - $270 per week.

Set on one title, opportunities like this are incredibly rare, as standalone properties are typically held tightly and rarely become available. With an impressive return on investment ranging from 10% to 12%, there’s no reason to delay.

For more information or to book a private inspection please call Kate Fern on 0477 701 502.

Units are currently empty and some photos have virtually staged furniture.

Property History for 9 Ryan St, East Innisfail, QLD 4860

A timeline of how this property has performed in the market
Last Sold
$403,000
07 Aug 2023
Listed for Rent
$160/w
03 Aug 2013
  • 07 Aug 2023
    Sold for $403,000
  • 04 Nov 2017
    Listed for Sale $299,000
  • 25 Jun 2013
    Listed for Rent $160 / week
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About East Innisfail 4860

The size of East Innisfail is approximately 1.4 square kilometres. It has 4 parks covering nearly 8.6% of total area. The population of East Innisfail in 2011 was 1,827 people. By 2016 the population was 1,841 showing a population growth of 0.8% in the area during that time. The predominant age group in East Innisfail is 10-19 years. Households in East Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Innisfail work in a labourer occupation. In 2011, 57.6% of the homes in East Innisfail were owner-occupied compared with 56.5% in 2016.

East Innisfail has 909 properties.

    There are currently 16 properties listed for sale, and 3 properties listed for rent in East innisfail on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in East innisfail.

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    Kate Fern
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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.