28 Loeven Street, PARRAMATTA PARK QLD, 4870
  • 10Beds
  • 3Baths
  • 3Cars
Offers Over $790,000
Council Approved Multiple Occupancy Inner City Queenslander
This inner city Queenslander of legal height and full council approval for multi-occupancy is now available for the astute investor!

This long running established property has excellent residents in place and is an incredible earner with very little work required!

Fully set up to include 10 bedrooms, 2 bathrooms, living room, office, modern kitchen, undercover outdoor entertainment area and with 100% occupancy you can live in or manage remotely as everything is in place.

- Modern kitchen
- 2 bathrooms
- 5 bedrooms
- Living room
- Huge undercover deck with tv, privacy screens and living area
- Laundry
- Kitchen
- Bathroom and laundry
- 5 bedrooms
- Living room
- Undercover outdoor area
- Double garage + Storage

- 10 bedrooms : single rate $130 and double rate is $150 per week
- Current Income : approx $1,400 per week (this could be higher)
- Insurance : $8,654 per annum
- Rates : $5,000 per annum
- Water : $600 per annum
- Electricity : $3,000 per annum
- Cleaner : $5,000 per annum

Net Income of $50,546 per year OR a 6.25% Net Yield!

With full security and automatic direct debit for rent you can mange this property yourself remotely with no difficulty as the owners have done for many years.
General Features
  • Type: House
  • Bedrooms: 10
  • Bathrooms: 3
  • Land Area: 405m²
Outdoor Features
  • Garages: 3
  • Balcony
  • Deck
  • Remote Garage
  • Secure Parking
  • Outdoor Entertainment Area
Indoor Features
  • Living Areas: 2
  • Dishwasher
Parramatta Park Suburb Profile
Parramatta Park is an inner city suburb of Cairns adjoining to Cairns City, Cairns North, Portsmith, Bungalow, Westcourt and Manunda, and is approximately 1km west of the Cairns CBD. Parramatta Park is an established residential and recreational area, with commercial land use in the south-eastern section including a mixture of parklands, green space and recreational facilities including Barlow Park Sports field, Little Barlow Park, and the Cairns Showground. The postcode for Parramatta Park is 4870.

Parramatta Park is close to all Cairns city facilities including Cairns Civic Theatre, Cairns Convention Centre, bars, restaurants, clubs and art galleries. The closest major shopping centre is Cairns Central Shopping Centre located in the city centre providing access to most major outlets including Coles, Target, Kmart, Myer and JB Hi-Fi.
Parramatta Park has a state primary school, a Catholic primary school and St Augustine’s College, an all-boys Catholic boarding high school. St Monica’s all-girls Catholic school is nearby in Cairns City, about a 5-minute drive east. Trinity Bay State High School is in the adjacent suburb of Manunda, about a 5-minute drive west. The Cairns Sunbus public transport service also runs throughout the area with multiple stop overs in the suburb.
Alli Paterson
Phone: (07)
Mobile: 0400 656 164
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