167 Mourilyan RoadSouth Innisfail QLD 4860
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. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 6 bedroom BlockOfUnits sold in South Innisfail in the last 12 months.
Last Listing description (July 2024)
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
- Rates Approx $4450 Per Half
- Entire Under Roof Area Approx 438m2
THE LOCATION
Close proximity to town centre and boat ramp, this corner complex is a great find in South Innisfail. Within walking distance to East Innisfail State School. This suburb has always been a fantastic place to live, that's why over x% are tenants
ACCESS TO AMENITIES
- 2.8km to Innisfail CBD
- 750m to East Innisfail State School
- 3.9km to Innisfail State College
**All distances are approximate**
Explore the full investment opportunity of this remarkable property by Scheduling a private viewing and take the first step toward adding this property to your portfolio. Don't miss the chance to grow your future!
**In consideration of tenant privacy, virtual furniture has been meticulously placed in this unit, showcasing the versatility and potential of each room**
Property History for 167 Mourilyan Rd, South Innisfail, QLD 4860
- 24 Jul 2024Sold for $470,000
- 20 Apr 2024Listed for Sale $485,000
- 07 Apr 2020Listed for Rent $240 / week
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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 270 properties. Over the last 5 years, Houses in South Innisfail have seen a 92.06% increase in median value, while Units have seen a 55.98% increase. As at 31 August 2024:
- The median value for Houses in South Innisfail is $284,475 while the median value for Units is $308,245.
- Houses have a median rent of $290.
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