24/158 Middle StreetCleveland QLD 4163
Property Details for 24/158 Middle St, Cleveland
24/158 Middle St, Cleveland is a 3 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 102m2. While the property is not currently for sale or for rent, it was last sold in April 2025.
Last Listing description (January 2026)
"The Shores At Cleveland" is a perfectly situated complex in the heart of Cleveland!
3 Separate units - Each 1 bedroom unit, features built-in storage and study nook, a large wheelchair friendly bathroom, modern kitchen with stove and cooktop, lounge and private courtyard. Whilst all units have their own independent courtyards and living areas, the complex has a variety of amenities which include a community dining area, social and library rooms, a fully equipped onsite laundry, and an entertaining area with an in-ground pool. Ideal for investors looking for a positively geared investment or an owner/occupier wanting a well cared complex in a convenient central Cleveland location!
OWNER/OCCUPIER
With three beautifully renovated and wonderfully kept one bedroom, one bathroom and newly installed kitchenettes, you will have the option to live in one unit while renting out the two others!
INVESTOR SNAPSHOT
Positioned in a thriving bayside location with strong capital growth and high rental demand, Unit 24/158 Middle Street presents as a solid, low-maintenance investment and is a rare opportunity to secure a high-yielding investment in a tightly held pocket of Cleveland. . Great for SMSF too!
Key Property Highlights:
Wheelchair friendly access to units and common areas throughout quiet complex
Great long term existing tenants
No exit fees apply at all - over 55's complex with waiting list of tenants
1 lot of rates & body corp fees only
Oversized community hall for dining, activities & library
Residents can choose to opt in to lunch and dinner packages on-site
Dedicated on-site management
Investment Fundamentals:
Rental Appraisal: Approx. $865-$895/week (unfurnished)
Gross Rental Yield: ~6.92%*
Net Rental Yield: ~4.63%*
Potential Yield: Up to 6.92% gross (based on purchase price around $650,000)
Body Corporate: Approx. $273/week covers all 3 units
Council Rates: Approx. $1424/quarter covers all 3 units
Low vacancy rate and high rental demand in the area
Tenants Excellent existing tenants wanting to stay long term
Why This Opportunity?
Rare 3-unit package on one title
Immediate income with all units currently tenanted
Strong local rental demand in Cleveland
Close to transport, shops, schools & the beautiful Moreton Bay coastline
Future flexibility - hold for long-term income or explore strata or redevelopment potential
If you wish to know more please contact Jo De Goede on 0408775355 - jo.degoede@remax.com.au or Chas De Goede on 0456381631 - chas.degoede@remax.com.au
Property History for 24/158 Middle St, Cleveland, QLD 4163
- 08 Apr 2025Sold for $650,000
- 02 Apr 2025Listed for Sale SOLD BY JO & CHAS!!
- 14 Jul 2022Listed for Sale $480,000+
Recent sales nearby
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About Cleveland 4163
The size of Cleveland is approximately 11.7 square kilometres. There are 55 parks, covering nearly 19.2% of the total area. The population of Cleveland in 2016 was 14801 people. By 2021 the population was 15850 showing a population growth of 7.1% in the area during that time. The predominant age group in Cleveland is 60-69 years. Households in Cleveland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cleveland work in a professional occupation.In 2021, 66.80% of the homes in Cleveland were owner-occupied compared with 62.20% in 2016.
Cleveland has 9,182 properties. Over the last 5 years, Houses in Cleveland have seen a 89.28% increase in median value, while Units have seen a 105.11% increase. As at 30 April 2026:
- The median value for Houses in Cleveland is $1,451,194 while the median value for Units is $929,456.
- Houses have a median rent of $783 while Units have a median rent of $620.
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