340 McLeod Street, Cairns North, Qld 4870

This ideal investment property located in Cairns North on McLeod Street would be an excellent choice for your portfolio. Featuring 3 x 1 bed units and 1 x 3 bed unit that has been recently upgraded a couple of years ago. Located only a few minutes from the vibrant Esplanade and easy access to the Cairns Hospital and Airport, these units are in high demand. With the current tenants being long term, the owners have chosen to keep the rents low, but there is the opportunity to increase to market levels.

              Current Rent       Rent Appraisal
Unit 1         $260                   $440-$470
Unit 2         $260                   $440-$470
Unit 3         $300                   $440-$470
Unit 4         $420                   $530-$560

The numbers that matter:
- Rental income $64,480
- No BC fees
- Council rates approx. $12k pa
- Water rates approx. $1k pa