32 Mill StreetMossman QLD 4873
Property Details for 32 Mill St, Mossman
32 Mill St, Mossman is a 5 bedroom, 3 bathroom House with 8 parking spaces and was built in 1960. The property has a land size of 1442m2 and floor size of 47m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 5 bedroom House sold in Mossman in the last 12 months.
Last Listing description (December 2023)
If you fancy a nice little earner with potential to expand then this property with 3 apartments is an absolute rocket!
Live in one and rent out the others, or just rent out the three. With a current income of $875 per week ($42,000 p.a) this property spells out Potential with a capital "P".
The block is huge with a Centre zoning on 1,442 m. The residences sit to the rear of the block and at the front there is room for ample parking for visitors or even another dwelling (STCA).
Unit 1 has been upgraded but, 2 and 3 do require some work but rent out quite well as is. With some cleaver renovating you could be adding to your income and increase the capital growth.
There are also seven external covered parking spaces, these could be upgraded into separate garages, workshops, storage areas or as commercial storage units (worth approx. $30+ each per week, that's an added potential of $210 per week = $10920 p.a. approx.), or build another residence, all (STCA), this property is a license to print money!
This property consists of:
Unit 1 - 3 bed, 1 bath with separate toilet with an rental return of $360 p/w
Unit 2 - 1 bed, 1 bath with separate toilet with an rental return of $240 p/w
Unit 3- 1 bed, 1 bath with separate toilet with a rental return of $275 p/w
**** That's a weekly rental income of $875p/w****
* Unit 1 is top floor with access down the side and use of back yard and small garden shed & undercover parking at front
* Unit 2 is ground floor with undercover parking at your door
* Unit 3 is ground floor with fenced front yard and undercover parking opposite to the unit
** At the entrance to the property there is several parking bays for family & friends or remove and redevelop (STCA)
You will be located in a prime position within walking distance to everything. Mossman is moving ahead with the Botanical Gardens progressing nicely, two primary schools, Mossman High School, Dance Studio, Bowls Club, Mossman Gorge and the list goes on. For wining and dining you are in close proximity to Hughies Wine Bar and Tapas and the Mossman Hotel. And don't think you are stuck out in a rural outback town - Cairns International Airport is only 1hour and 15 minutes away!
If you would like to release the potential in this property contact Nicole now on 0416 033 948 or email nicole@propertyshopmossman.com
Property History for 32 Mill St, Mossman, QLD 4873
- 03 Oct 2023Sold for $450,000
- 07 Sep 2023Listed for Sale UNDER CONTRACT
- 17 Nov 2022Sold for $425,000
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About Mossman 4873
The size of Mossman is approximately 12.1 square kilometres. It has 4 parks covering nearly 0.6% of total area. The population of Mossman in 2011 was 1,731 people. By 2016 the population was 1,936 showing a population growth of 11.8% in the area during that time. The predominant age group in Mossman is 50-59 years. Households in Mossman are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mossman work in a trades occupation. In 2011, 52.2% of the homes in Mossman were owner-occupied compared with 52.3% in 2016.
Mossman has 1,127 properties. Over the last 5 years, Houses in Mossman have seen a 56.67% increase in median value, while Units have seen a 107.74% increase. As at 31 July 2024:
- The median value for Houses in Mossman is $576,133 while the median value for Units is $502,521.
- Houses have a median rent of $500 while Units have a median rent of $350.
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