33 Monarch Avenue

Completed in 2023 and immaculately presented, this home with a difference is ideally set up for multi-generational living under one roof - or as dual income streams from a single property. Presenting as an attractive single home from the street, this property was conceived to provide the original owner with a comfortable, low maintenance residence with the added benefit of additional income - with the floorplan divided into 2 tenancies, each fully self-contained withe 2 bedrooms, 1 bathroom, full kitchen and living, dining and outdoor entertaining. The double garage is shared between the tenancies, with a common laundry area. With the owner having moved on from Cairns, the property has since been fully let, with a combined rental income of $1,240 per week across 2 leases. 33a - leased at $615 per week through March 2027 - 2 bedrooms, each with built-in-robes - attractive bathroom with walk-in shower - low maintenance gardens and private outdoor space - fully tiled and air-conditioned 33b - leased at $625 per week through April 2027 - 2 spacious bedrooms, master with walk-in-robe - large kitchen with walk-in-pantry, induction stove, dishwasher, servery - study nook with built-in desk - large patio, fenced and grassed yard - timber look flooring, fully air-conditioned A substantial solar system in place has seen the owner receive just a single power bill (of $18.05!) since completion, otherwise enjoying the benefit of FREE power usage. Current leases are inclusive of power & internet however there is provision for power to be separately metered. Council rates for the full property are $1,633.45 per half year and there are no body corporate fees due to the single title. Near new, unique to market and with incredible returns, this is one for the astute investor or forward thinker to consider carefully! Inspections will be by appointment only. To make it yours, contact Tom Quaid.