View photo
Flat
·
for sale
Request Details
UNIT BLOCK WITH POTENTIAL PLUS!
Paddys Green
· 8 Bedrooms · 4 Baths · Flat
Paddys Green · 8 Bedrooms · 4 Baths · Flat
They say you can't sell potential, but take a look at this! This Queenslander-style multi-unit dwelling sits on a 1,459m2 allotment on the corner of Basalt and Constance Streets in Mareeba. Previously known as the Water Tower House, it is made up of four 2 bedroom units. The four units vary in size and condition but each of them has 2 bedrooms and 1 bathroom, each have kitchens and there is a separate, detached laundry block for use by all tenants. Units 1 and 4 are slightly larger and unit 4 has just been given a quick makeover. Overall the complex needs some work, which is indicated by the asking price, but would be perfect for someone with some additional funds and a good helping of elbow grease! Just imagine, even at the current rent return, this unit block could be a cash cow into the future, you can already see the potential! Currently three of the units are on fixed term 12 month leases and one has been vacated to enable the renovations. All return slightly different amounts as
They say you can't sell potential, but take a look at this! This Queenslander-style multi-unit dwelling sits on a 1,459m2 allotment on the corner of Basalt and Constance Streets in Mareeba. Previously known as the Water Tower House, it is made up of four 2 bedroom units. The four units vary in size and condition but each of them has 2 bedrooms and 1 bathroom, each have kitchens and there is a separate, detached laundry block for use by all tenants. Units 1 and 4 are slightly larger and unit 4 has just been given a quick makeover. Overall the complex needs some work, which is indicated by the asking price, but would be perfect for someone with some additional funds and a good helping of elbow grease! Just imagine, even at the current rent return, this unit block could be a cash cow into the future, you can already see the potential! Currently three of the units are on fixed term 12 month leases and one has been vacated to enable the renovations. All return slightly different amounts as
Request Details