40 Mengel Street S, South Mackay, QLD 4740 | Property Value & History | OnTheHouse
OFF MARKET

40 Mengel Street S
South Mackay QLD 4740

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Land area: 261m2
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Property Details for 40 Mengel St S, South Mackay

Building Type
Commercial
Land Size
261m2
Local Government
Mackay Regional
Lot/Plan
1/SP148668

Last Listing description (September 2020)

Create your retirement income stream with this centrally located triplex in pristine condition. With the current low interest rates on offer for term deposits this complex can offer you a better return on your money. Fully tenanted, all 3 units have modern interiors with the following features:

* U-shaped laminex kitchen
* Spacious lounge/dining area - fits a lounge and a small dining table

* 2 Good sized built in and a/c bedrooms - both easily accommodate Queen size beds
* Updated bathroom with shower, vanity and toilet
* Single lock up garage with large laundry located at the back of it
* Separate concreted clothes line area at the rear of each unit

Units 1 & 3 have side yards as well and all have small front yard too. Two are rented at $270 per week on fixed term leases, with the third at $260, with excellent tenants in place. Even when they do become vacant its not for long as they are very well presented and in a good location. The units have been separately strata titled should you wish to buy them all now, but sell one or more off individually at a later date.
Live in one yourself and rent the other 2 out for income. Put your family in them all? The choices are yours.
Serious sellers have decided to move this property on and will consider all reasonable offers. You do the sums - this is a good solid investment property.

Triplex properties in this type of condition are rare so make your appointment to inspect today.

Estimated rental appraisal, done by a Property Manager, at approximately $190 - $210 per week per unit.

Disclaimer: This information has been carefully compiled and is not intended to be treated as a warranty or promise as to the correctness of the information. Interested parties should undertake independent enquiries and investigations to satisfy themselves that any details herein are true and correct. Figures and information may be subject to change without notice.

Property History for 40 Mengel St S, South Mackay, QLD 4740

A timeline of how this property has performed in the market
  • 10 Dec 2019
    Listed for Sale $639,000
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About South Mackay 4740

The size of South Mackay is approximately 7.2 square kilometres. It has 11 parks covering nearly 13.1% of total area. The population of South Mackay in 2016 was 6706 people. By 2021 the population was 6918 showing a population growth of 3.2% in the area during that time. The predominant age group in South Mackay is 30-39 years. Households in South Mackay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Mackay work in a trades occupation.In 2021, 58.60% of the homes in South Mackay were owner-occupied compared with 57.90% in 2016.

South Mackay has 3,540 properties. Over the last 5 years, Houses in South Mackay have seen a 94.99% increase in median value, while Units have seen a 83.62% increase. As at 31 January 2026:

  • The median value for Houses in South Mackay is $581,258 while the median value for Units is $393,325.
  • Houses have a median rent of $605 while Units have a median rent of $480.
There are currently 15 properties listed for sale, and 8 properties listed for rent in South mackay on OnTheHouse. According to Cotality's data, 186 properties were sold in the past 12 months in South mackay.

Suburb Insights for South Mackay 4740

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.