72 Mason Street

Alright, let's be honest she's not the flashiest sheila on the street. But what she lacks in lipstick she makes up for with solid bones, character, and steady income. This quirky investment package includes two duplex units plus a small flat on the side, currently generating over $35,000 per year in rental income, with annual rates of around $2,700. Not bad at all in a time when rental properties are becoming rarer, and tenants are lining up. Unit 1 has already had a glow-up with a funky updated kitchen, an open-plan living area, two bedrooms, air-conditioning, and a bathroom. The bathrooms? Well let's say it has got that charming "retro" vibe. Unit 2 mirrors the layout, with two bedrooms and an open-plan living area the kitchen is more of a classic vintage style, but still in good working order. Both units feature their own outdoor space and carport, giving tenants a nice little spot to relax. There's also a bonus flat/office/study, currently rented but becoming vacant in June  perfect for someone ready to add a little renovation magic and unlock even more income potential. The whole building is solid as a rock; it just needs a bit of love think fresh paint, a few upgrades, and a couple of weekends with a toolbox and a cold drink waiting at the end of the day. But hey YouTube has a tutorial for everything. Fix a tap, build a bench, tile a bathroom by the end of the project, you might even start calling yourself a tradie. And the best part? The property is sold on a walk-in, walk-out basis, so what you see is pretty much what you get. So if you're the type who sees opportunity where others see a bit of work, this one might be your next project. Can't make it to Mareeba just yet? Get in touch to arrange an inspection or a walkthrough video.