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A superb investment opportunity. This full duplex is located just 5kms from Cairns CBD. One unit is currently vacant, with rent potential of at least $420 p/week and the other is tenanted at $380 p/week.
That's some excellent investment income.
Unit 1 -
* private front courtyard
* new split system air conditioner in the living room
* main bedroom has air conditioning and a built-in robe
* kitchen with electric stove and wall cupboards for extra storage
* separate bathroom and toilet
* masonary block shed with power and lights
Unit 2 -
* private front courtyard
* new split system air conditioner in the living room
* both bedrooms with air conditioning and built-in robes
* modern bathroom and separate toilet
Each unit has a single carport and both have large backyards.
The figures -
Unit 1 rent is $380 p/week until 24.9.2024. Last rent increase 20.3.2024
Unit 2 expected rent is at least $420 p/week
Council rates $2,800 twice yearly.
You know a full duplex is a very popular investment and not too common on the market.
Selling with John Ryland from Professionals Cairns South.