69 Rankin StreetInnisfail QLD 4860
Property Details for 69 Rankin St, Innisfail
69 Rankin St, Innisfail is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
Last Listing description (December 2024)
This solid block of 4 x 2 Bedroom apartments is ideal for those self-managed superannuation funds or the savvy residential property investor. We have been running at almost zero vacancies for the last two years. It is currently returning a net rental income of 5.24% however we are of the strong opinion that it is under-rented and could be returning 6.35% net.
If you add this to the value of the undeveloped land on the site which could house another 4 apartments (STCA) then you can really see value here.
The property is located just 200 metres from the CBD of Innisfail and just a block from the river's edge. It offers lovely river views but is on the side of the ridge so will not be affected by flooding.
Built of solid concrete block and brick with a suspended concrete slab between them. Each apartment has two bedrooms and 1 bath with decent kitchens and living rooms. They all have off-street undercover parking and air conditioners in the main bedrooms.
This is as set-and-forget as you can get.
Contact Michael Skuse
Property History for 69 Rankin St, Innisfail, QLD 4860
- 16 Oct 2024Sold for $675,000
- 23 Sep 2024Listed for Sale $745,000
- 27 May 2022Listed for Sale $800,000
Recent sales nearby
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0About Innisfail 4860
The size of Innisfail is approximately 2.1 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Innisfail in 2016 was 1145 people. By 2021 the population was 1091 showing a population decline of 4.7% in the area during that time. The predominant age group in Innisfail is 20-29 years. Households in Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Innisfail work in a labourer occupation.In 2021, 30.90% of the homes in Innisfail were owner-occupied compared with 32.00% in 2016.
Innisfail has 873 properties. Over the last 5 years, Houses in Innisfail have seen a 99.36% increase in median value, while Units have seen a 128.08% increase. As at 31 January 2026:
- The median value for Houses in Innisfail is $369,319 while the median value for Units is $404,404.
- Houses have a median rent of $430 while Units have a median rent of $300.
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