73 Paradise Street SSouth Mackay QLD 4740
Property Details for 73 Paradise St S, South Mackay
73 Paradise St S, South Mackay is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1985. The property has a land size of 799m2 and floor size of 211m2. While the property is not currently for sale or for rent, it was last sold in August 2022.
Last Listing description (October 2022)
This is the perfect opportunity for a savvy investor: 3 units in a prime location with proven rental return history all on one title. Current rental return is $980 per week - however does have the potential to be increased to $990 per week **
With recent improvements, there is very little for the new owners to do. The triplex has had a new roof fitted within the last three years. And, each of the three units has also received updated kitchens and bathrooms, air-conditioning installation in the living rooms and internal painting throughout all within recent years.
The complex is relatively low maintenance, with very little yard work needed. The building is made of solid brick and is serviced by one convenient long driveway. Each unit has two large bedrooms and one bathroom. The flooring in each unit varies between tiles, lino and carpet. Some bedrooms have been fitted with box air conditioners, approved by the landlord.
The current tenants are all long-term, with one signed for 12 months, one signed for six months and the other tenancy expiring in January but expected to stay on for another long term. Each of the tenants enjoys the benefit of the complex's prime location with supermarkets and specialty stores over the road, sporting fields also within walking distance, and Souths Leagues Club and Harrup Park just down the road.
**As mentioned above the rental return is currently sitting at $910 per week - 2 of the 3 units are achieving $330 per week the 3rd unit will also be increased to $330 per week on the next lease signing - giving a total of $990 per week
Rates - $6900/yr approx
Water - $900/yr approx
Property History for 73 Paradise St S, South Mackay, QLD 4740
- 28 Sep 2022Listed for Sale Offers over $749,000
- 12 Aug 2022Sold for $745,000
- 08 Nov 2021Listed for Sale Offers over $749,000
Recent sales nearby
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About South Mackay 4740
The size of South Mackay is approximately 7.2 square kilometres. There are 11 parks, covering nearly 13.1% of the 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 3,547 properties. Over the last 5 years, Houses in South Mackay have seen a 101.69% increase in median value, while Units have seen a 111.69% increase. As at 31 May 2026:
- The median value for Houses in South Mackay is $626,571 while the median value for Units is $448,193.
- Houses have a median rent of $650 while Units have a median rent of $490.
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