Presenting a rare and highly sought-after investment opportunity, this well-maintained complex comprises four spacious 2-bedroom, 1-bathroom units, each with its own allocated undercover car park. Perfect for investors seeking immediate cash flow or owner-occupiers looking for a dual-income asset, this property delivers both stability and future upside.
Unit 1 stands out as the showcase property, having been fully renovated to a premium standard. This unit offers investors a turnkey solution with high-end finishes and minimal maintenance requirements.
Currently leased for $360 per week
Unit 2, while unrenovated, presents excellent potential for value-add opportunities. This blank canvas allows for future upgrades to further boost rental returns.
Currently leased for $350 per week
Units 3 and 4 have both received various updates, including fresh painting, new flooring, bathroom updates and new ceiling fans throughout.
Currently leased for $380 per week
Currently leased for $350 per week
Each residence ensures year-round comfort with three split-system air conditioners, while secure undercover parking adds convenience for tenants. The property delivers a combined weekly income of $1,440 with potential for further growth through strategic upgrades.
Total annual income $74,880
Annual Rates/Water 14,100
No body corp fees
Prime West End Location Amenities:
Public transport: West End State School Bus Stop (150m)
Shopping: Woolworths North Ward (1.3km), Castletown Shopping Centre (2.5km)
Dining: Flinders Lane Dining Precinct (1.5km)
Education: West End State School (350m), Townsville Grammar School (1.8km), James Cook University (3km)
Medical: Mater Hospital Townsville (1.7km)
Recreation: The Strand waterfront (1.5km)
Situated in one of Townsville's most convenient suburbs, this low-maintenance complex offers the perfect balance of immediate yield and future upside. Whether you're expanding your portfolio or making your first multi-unit investment, this opportunity won't last.
Floor Plan
Floorplan 1
