59 Mourilyan Road
East Innisfail, QLD 4860

This property is a duplex offering solid rental returns, currently generating $660 per week in rent, paid fortnightly to the owner. The duplex comprises two separate two-bedroom apartments, each featuring modern kitchens and well-maintained bathrooms. Both units are equipped with air conditioning and spacious living rooms, providing comfortable living spaces.

Unit 1 includes an additional dining area, enhancing its functionality, while Unit 2 boasts a large kitchen with ample space for a dining table. The laundry facilities are conveniently located below at the rear of the property.

The land size is approximately 909 square meters, situated on a ridge in East Innisfail, which eliminates the risk of flooding and helps keep insurance costs low. The location offers easy access to the town center and local schools, with a bus service running past the front door, adding to the convenience for tenants.

One tenant has been residing in the property for over seven years, demonstrating stability, while the other tenant has been there for nearly a year. Both tenants have expressed their intention to continue their tenancy. Rental ledgers confirm that rent payments are consistently on time, and routine inspections indicate that the tenants maintain the property to a high standard.

The property yields a gross rental return of approximately 8%, making it an attractive investment opportunity. Given the ongoing demand for housing, this duplex offers consistent and growing returns, providing a reliable income stream for investors.