Situated in the heart of Mareeba, 29 Basalt Street is a spacious property featuring two family homes set on a single title 708m2 allotment. This property offers separate dual living, making it ideal for an investment, mixed generational living or larger families. Why not live in one and rent out the other!
Currently rented to great, long term tenants willing to stay on, currently on a periodical lease for $655 per week, this property has the potential to achieve a rent return of up to $800 per week or a 6.4% return!
Rear House:
- Modern concrete block home (built around 2016)
- 3 bedroom, 2 bathroom, 2 carport
- Deluxe master bedroom with walk-through wardrobe & ensuite with dual shower
- Stylish main bathroom with bathtub & separate shower
- Fully tiled & air-conditioned with ceiling fans throughout
- Entertainer's dream kitchen with breakfast bar & wall oven
- Spacious open plan kitchen/living/dining area
- Large covered patio/carport, perfect for entertaining
- Convenient internal laundry with direct access outside
- Fully fenced with fruit trees & established gardens for privacy
- Currently rented for $375 per week, periodical lease since 2022
- Rent appraisal $400-450 per week
Front House:
- 2 bedrooms + office
- Master bedroom with WIR & air-conditioning
- Wooden floorboards throughout
- Downstairs bathroom with separate toilet
- 2 separate living areas
- 7m long enclosed porch to front house
- Kitchen with ample storage & bench space
- Currently rented for $280 per week, periodical lease since 2022
- Rent appraisal $300-350 per week
Other Features:
- Single title 708m2 allotment
- Fully fenced with electric front gate
- Concrete driveway from the front of the property to the rear
- A short walk to Coles & Mareeba's CBD
- 2 minute drive to Mareeba State School & Hospital
- Zoned Medium Density Residential under Mareeba Shire Council
- NOT affected by flood hazard mapping
- NBN & all town services connected
- Rates $3,516.18 half yearly
- NO body corporate fees (single title freehold property)
This superb investment is sure to sell quickly! Contact Katrina Kazim from Explore Property now on 0400 710 639!
