26 Mahogany Street, Manoora QLD 4870

Ideally positioned less than 5km from Cairns CBD, this is the perfect investment opportunity to add to your property portfolio with active returns of approximately $70,000 per year!

3 of the 4 units have been freshly renovated plus a new roof installed on the freestanding villa.

Always occupied and attractive to tenants the complex is in a super convenient location with a bus stop right out the front, walking distance to schools, local shops, medical and shopping centres etc

The land facts:
-Single title on Freehold
-Land use: Multi Unit dwelling (Flats)
-Zoned: Residential 3
-800sqm block

The dwelling facts:
-2 x 2 bedroom, 1 bathroom townhouses
-1 x 1 bedroom, 1 bathroom townhouse
-Freestanding 3 bedroom, 1 bathroom low set villa
-4 x Carports
-Lock up storage area

The Current Figures:
Unit 1- Currently renting at $410/wk
Unit 2- Currently renting at $370/wk
Unit 3- Currently renting at $240/wk
Unit 4- Currently renting at $320/wk
Total annual income = $69,680/pa

The potential figures on lease renewal:
Unit1- $410/wk
Unit 2- $370/wk
Unit 3- $270/wk
Unit 4- $370/wk
Total potential annual income = $73,840/pa

A very tidy and well maintained complex offering some of the strongest returns in residential real estate. Run the gauntlet with a shaky share market or Invest smartly in bricks and mortar.

For more information or to express your interest please enquire today.