28 Alfred Street, Mount Isa QLD 4825

A fantastic opportunity for the savvy investor-this solid block-constructed duplex features two spacious 2-bedroom units, each offering excellent rental income and exciting scope for value-adding improvements. Currently tenanted and generating consistent returns, this property allows you to earn from day one while planning future enhancements to boost yield and capital growth.

Key Features:
- Solid Block Construction with Tiled Floors throughout both units – a low-maintenance foundation perfect for modern upgrades.

- Split System Air Conditioning – Unit 1 includes systems in both the lounge and main bedroom, while Unit 2 is equipped in the lounge area.

- Private, Fully-Fenced Yards – Each unit enjoys its own outdoor space. Unit 1 has street access to the front yard; Unit 2 enjoys a private rear yard complete with two garden sheds for added storage.

- Secure Parking – A shared double carport with allocated space for each unit.
Income Details:

Currently Returning $25,740 p.a. Gross
- Tenants already in place with leases through October 2025 (Unit 1) and May 2025 (Unit 2)
- Immediate cash flow with no upfront renovation required

Future Upside:
While the property is well-tenanted and functional as-is, there's strong potential to increase rental returns through targeted cosmetic upgrades.
Options include:
- Fresh paint and modern finishes
- Security screens for added tenant appeal
- Updated kitchens and additional air-conditioning in bedrooms

A strategic renovation could significantly elevate rental income and future resale value, making this an ideal addition to any growth-focused portfolio.