89 Digger Street, Cairns North QLD 4870

With 7 contracts submitted in less than 7 days, this property sold above expectations and many buyers were left disappointed and still looking. Thinking of selling? Call Tom Quaid

Positioned just 2 blocks from the Cairns Esplanade, this rare full block of 4 units is offered for sale for the first time in over a decade, offering a ripe opportunity for the investor.

Set on a 507m2 allotment and backing onto parkland, the circa 1940s original building offers 4x 2 bedroom, 1 bathroom units, each updated with a modern kitchen and with a shared laundry room, metred back to each unit.

The property is on a single title with no Body Corporate, and there is a detached carport to the rear, with gated side access.

3 of the 4 units are currently tenanted, with the 4th currently vacant.

Unit 1 (ground floor, front unit) $320 per week to 12/2/23
Unit 2 (ground floor, rear unit) $315 per week to 11/06/23
Unit 3 (upstairs, front unit) $305 per week to 05/03/23
Unit 4 vacant

There is potential to increase rents with the next renewals, and with the 4th unit let there is a potential gross income of $1300 per week ($325x4).

Being an older building, there are opportunities to improve and upgrade and enjoy the benefits - but the gutters are new and there is a split system AC to each unit. With upgrades and furnished, the property could alternatively serve as a great location for AirBnB, being so close to the Esplanade and airport.

For more information or to arrange an inspection (24 hours notice required), contact Tom Quaid at Quaid Real Estate.

*please note photos have been digitally staged to remove tenants' personal items