1,2&3/16 Colamba Street
Miles, QLD 4415

Overview

1,2&3/16 Colamba Street, Miles, QLD, 4415

This property presents a high-yield investment opportunity featuring three units on a single title, located in a convenient area of Miles. It is an excellent option for investors seeking a fully income-producing asset with strong returns and minimal ongoing costs.

The property is set on one title with no body corporate or strata fees, comprising three well-maintained units that offer comfortable living spaces and reliable tenancy appeal. This setup is ideal for those looking to expand their investment portfolio or secure a set-and-forget investment.

Unit 1 includes two bedrooms and one bathroom, currently leased at $340 per week. Unit 2 also offers two bedrooms and one bathroom, with a rental return of $320 per week. Unit 3 features a slightly larger layout with two bedrooms and two bathrooms, achieving $380 per week in rental income.

Combined, these units generate a strong rental income stream, making the property attractive for investors seeking solid cash flow in a market with consistent demand. Each unit is designed for easy living, featuring low-maintenance concrete backyards that reduce upkeep while still providing functional outdoor space for tenants.

The layouts across all three units are practical and appealing, contributing to their ongoing rental success. Located in Miles, a region known for its affordability and steady rental demand, this property offers investors the chance to secure a high-performing asset without the added costs and complexities of strata management.

Opportunities like this are rare, offering three units on one title, no body corporate fees, and immediate income. This property is a smart addition to any investment portfolio.

Location