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RAINE & HORNE
Map10 Charles Street, Innisfail, QLD 4860
- 2
- 1
- 2
Sold
Sold for $230,000 on Jun 30, 2025
Centrally located Duplex
Sitting on 1012 sqm in a central location just two blocks from the CBD.
These two 2-bedroom residences are both leased to long-term tenants. Both tenants pay $290 per week, equating to a gross annual income of $30160 and a gross return at purchase price of 12%. Rates are $6800.
The property is in a flood zone, but is highest, so only the carport area, laundry, and yard will get water in the event of a flood tenants will be high and dry, and in most cases, the water will be gone overnight.
There is a little bit of work to do on one of the bathrooms as there has been a leaking shower base, but other than that, it looks pretty robust.
This is a bargain price and will suit a real estate investor who is prepared to do a little bit of work and reap the returns.
These opportunities do not come along very often, so don't delay.
Regards,
Michael Skuse
Principal
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Property Info:
- Property ID: L33834352
- Property Type:House
- Garages:2
- Land Area:1012 sqm
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We Know Your Area
R&H Suburb Profile: Innisfail| R&H Suburb Summary | Houses |
|---|---|
| Number of sales | 43 |
| Average Price | $326,651 |
| Median Price | $293,000 |
| Median Rental Price | $430 p.w. |
| Change in Rental Rate (5yr) | 54 % |
Median Trend - $293,000
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