49 Charles St

Parramatta Park QLD 4870

405 m²

House

Currently for sale - view listing

Overview

Triple Income Opportunity in the Heart of Parramatta Park

Positioned on a generous allotment just moments from the Cairns CBD, this versatile high-set Queenslander presents an outstanding opportunity for investors seeking strong rental returns or owner-occupiers looking to supplement their income. Tastefully converted into three self-contained residences, the property offers multiple income streams while retaining the charm and character of its classic Queenslander origins. With separate living spaces, functional layouts and excellent tenant appeal, this is a rare opportunity in one of Cairns' most tightly held city-fringe suburbs. The upper level features a spacious three-bedroom residence, complete with open plan living and dining, a well-appointed kitchen, private balcony and generous bedrooms serviced by a central bathroom. Downstairs has been thoughtfully configured into two one-bedroom self-contained apartments, each offering an open plan living and kitchen area, private bedroom with ensuite and walk-in robe, making them ideal for long-term tenants or extended family accommodation. Situated within walking distance to Cairns CBD, the Esplanade, hospital precinct, schools, public transport and an array of cafés and restaurants, the location ensures consistent rental demand and exceptional convenience. Property Features: • High-set Queenslander converted into three separate income-producing residences Upstairs: • Three bedrooms • One bathroom • Open plan living and dining • Functional kitchen • Large entertaining balcony Downstairs: • Two self-contained one-bedroom apartments • Each featuring an ensuite, walk-in robe, kitchen and open plan living • Multiple income streams with excellent investment potential • Solar power system • Off-street parking • Spacious yard with room for further improvements (STCA) • Prime Parramatta Park location only minutes from the Cairns CBD Current Rental Income: • 49A (Upstairs): $520.00 per week until September 2026 • 49B: $365.00 per week until September 2026 • 49C: $365.00 per week until November 2026 Whether you're looking to expand your investment portfolio, accommodate multi-generational living, or secure a property with exceptional flexibility and future upside, 49 Charles Street delivers an opportunity that's increasingly difficult to find. Contact 'The Ray Murphy Team' today to register your interest and book an inspection! Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.