125 Walsh St

Mareeba QLD 4880

405 m²

Block of units

Last sold for $800,000

Katrina Kazim, last sold this property on 06 August 2025 after 189 days on market.

Overview

HIGH RENT RETURN OF $131,500+ (15% GROSS) UNIT COMPLEX INVESTMENT IN THE CENTRE OF MAREEBA'S CBD!

This is a rare opportunity to secure a renovated 4 unit complex in the centre of Mareeba's CBD! You won't find a better location, and the best part is NO BODY CORPORATE as this complex is all held on a single title. Each unit has two bedrooms, a renovated kitchen and bathroom. The complex is fully fenced, with separate external access to each two bedroom unit. Unit 1 - Currently tenanted for $380 per week until 16th October 2025. Unit 2 - Currently tenanted for $380 per week until 26th November 2025. Unit 3 - Currently tenanted for $380 per week until 14th October 2025. Unit 4 - Currently vacant - under application This property has previously been rented to seasonal farm workers under the PALM Scheme. Workers under this scheme pay a weekly rate either per bed or per room, and are often managed by an Approved PALM Scheme Workforce Provider. - GROSS INCOME $131,500+ PER YEAR! (15% GROSS RETURN!) - Unit complex on a single title (NO BODY CORPORATE) - 4 x 2 bedroom, 1 bathroom units - Fully renovated brand new kitchens to each unit - Modern bathrooms - Large master bedrooms - Timber flooring to upstairs units - Tiled flooring throughout to ground level units - Council approved & PALM Scheme Approved for worker's accommodation - Zoned Medium Density Residential under Mareeba Shire Council - NOT affected by flood hazard mapping - Rates are $6,315 half yearly (approx) - Insurance $4,890 annually (approx) - Based on current 'permanent rental' market, a weekly rental of $380 per week each unit (as is)- $400 per week (air-conditioned) could be achievable. This complex is sure to be sold fast to a savvy investor! Contact EXCLUSIVE Agent Katrina Kazim, Explore Property today on 0400 710 639 to arrange a private inspection and to obtain financial information!