Cheap investment unit close to Cairns city

Great little investment unit close to Cairns city

9/6 Kidston St, Bungalow         2 bed  |  1 bath  |  1 car

Located approx. 5 minutes’ drive to Cairns city centre is this lovely little second floor, 2 bedroom, end-unit.

One bedroom has air conditioning and built-in robes, the other has the extra windows which captures more natural daylight.

The unit has wood patterned lino floors throughout with a tiled bathroom/laundry area, and neat little concrete balcony.

  • One minute walk to convenience store
  • Small complex of only 10 units
  • Currently rented at $240/w
  • Body Corp fees $2,600/yr

Add this solid city-fringe unit to your property portfolio which comes complete with good tenants. Not a hard decision if you can make the numbers work for you.

SOLD $115,000 June 2020

Contact me now to inspect property or for more information;
selling agent Daniel Sheehan 0409 265 326.

 

 

Bungalow – snapshot Apr 2020

(source: realestate.com)  Bungalow has 13 properties available for rent and 26 properties for sale. Median property prices over the last year range from $347,500 for houses to $215,500 for units. If you are looking for an investment property, consider houses in Bungalow rent out for $380 PW with an annual rental yield of 5.7% and units rent for $270 PW with a rental yield of 6.5%. Based on five years of sales, Bungalow has seen a compound growth rate of 1.3% for houses and 8.2% for units.

 

 

 

Need finance? Contact Scott Smith at Cairns Finance or Aaron Latter at Smartline.

Need to sell your property? See what all my past customers are saying about my service.