5 Adams StreetMareeba QLD 4880
Property Details for 5 Adams St, Mareeba
5 Adams St, Mareeba is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1972. The property has a land size of 1063m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom Unit sold in Mareeba in the last 12 months.
Last Listing description (January 2024)
Currently over 9% gross annual return!
Introducing 5 Adams Street Mareeba, a masonry block duplex that would make a great addition to any investment portfolio.
An investors dream, the duplex features two units on one title, so there are no Body Corporate fees and you have the benefit of collecting two lots of rent out of the one investment! Currently both units are tenanted on six month leases and the combined return is $700 per week.
Recently given a fresh makeover, the units are quite tidy inside and they both have new front decks, giving them each two outdoor living spaces. The duplex is built of masonry block construction with internal walls of masonry block as well, making it a very solid investment.
Both kitchens recently refreshed with a new oven in Unit 2 and new cabinetry in both units. 3 new split system air-conditioners installed across the complex. modern bathrooms which were renovated in the last several years.
Both units are quite similar internally and feature an open plan living/dining/kitchen area, two spacious bedrooms and a separate bathroom and toilet, with an external laundry area on the rear patios.
Unit 1 features split-system air-conditioning in the main living area and the master bedroom, and Unit 2 features split-system air-conditioning in the main living area and both bedrooms. Both units have tiled floors internally throughout and both have security screens as well.
There is a large open space to the right of the complex which could be utilised for further development, and the vacant block next door is also for sale by the vendors which opens up even more development possibilities!
A separate detached garage provides for a lockable garage for each unit, perfect for secure vehicle storage, or great for storage of any kind. Unit 1 features a driveway up to the back, and Unit 2 has had a new driveway concreted up to a large fenced yard area.
- Currently returning over 9% gross!
- Duplex investment, 2 units on one title!
- Masonry block external and internal walls
- 2 large bedrooms and open plan living areas each side
- New front decks on both sides, rear patios as well
- Tiled floors, security screens, air-conditioning
- Two bay garage, one per unit
- 1064m2 allotment in a cul-de-sac
- Both units rented on six month leases
- Currently returns $700 per week
So if you are a keen investor, this is a must see property! Put this one into your portfolio and reap the rewards for many years to come! For more information, call EXCLUSIVE agent Remo Esposito on 0401 969 473 or email remo@crmareeba.com
Property History for 5 Adams St, Mareeba, QLD 4880
- 05 Dec 2023Sold for $418,000
- 23 Nov 2023Listed for Sale $399,000
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0About 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.
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