High-Yield Residential Investment with Subdivision Potential. 2 Houses 6 Units
A rare 5-acre residential-zoned holding offering strong existing rental income, 100% occupancy, and future subdivision potential in an established Cooktown location.
Key Investment Features
Cash-flow-positive residential investment
Approx. 5 acres of residential-zoned land
100% occupied with established tenants
Tenant demand driven by essential local workforce
Subdivision potential
Four-street frontage enabling future flexibility
Full town services: water, sewer, electricity
Existing Improvements
6 × renovated 1-bedroom units
2 × renovated 3-bedroom homes
Separate granny flat
Undercover parking
Location Highlights
Walk to schools, hospital, town centre, botanic gardens and riverfront
Quiet, private setting adjoining bushland
Short walk to Finch Bay Beach
Property Condition
Fully air-conditioned throughout
Tiled flooring
Fully Upgraded units and houses
Fresh internal fittings and finishes
Additional Information
Lot plans and building floor plans included
Further information available on request
An outstanding opportunity for investors seeking immediate income with long-term growth potential.
Features
13 bedrooms
9 bathrooms
directions_car24 carspaces
directions_car12 carport spaces
directions_car12 garage spaces
0 m² floor area
crop_free20193.81 m² lot size
cottageBlock of units
Property history for 43 Howard St
2020
Sold
$875,000
Private Sale/Treaty on 28 Mar 2020 by Jamie Sail, of Cooktown Real Estate
2020
Sold
$875,000
Private Sale/Treaty on 27 Jan 2020 by Jamie Sail, of Cape York Real Estate
2020
Rented
Undisclosed
Leased on 09 Jan 2020 by Cooktown Property Agents
Happy sellers in Cooktown
89%
sentiment_very_satisfied
89% of sellers in Cooktown reported that their sale price either exceeded or met their price expectations.
Cooktown stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 9 reviews in Cooktown over the last 12 months.
Local market activity for 13 bedroom block of units in Cooktown
Sold
For Sale
For Rent
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