23 Matthew Street

Stanthorpe QLD 4380

Here is a rare opportunity to secure an excellent investment property comprised of 3 units or a character home only 2 blocks from the main street of Stanthorpe and within the medium density residential zoning. The original home was converted into 3 self-contained flats some years ago, and the current owner has recently refreshed them with the addition of reverse cycle air conditioning units, electric hot water systems and stoves, some repainting, a 4-car carport and a single garage or storage shed. Polished floorboards, french doors, high ceilings, original timber VJ walls are some of the impressive character features which add to the appeal of this property. Unit 1 is a 1 bedroom 1 bathroom and is currently rent for $245 per week. Unit 2 is a 1 bedroom 1 bathroom unit currently rented for $240 per week, the 12 month lease commenced 30 September 2024. Unit 3 is a 2 bedroom 1 bathroom currently rented for $265 per week, the 12 month lease commenced 17 January 2024. Water consumption is included in the rent. A coin operated washing machine in the shared laundry is provided for the tenants use at the rear of the home. Each unit has a separate power meter. The property also has a 4 car carport plus a single garage or storage shed. Inspection requires minimum 24 hours' notice - call the exclusive agents at Crisp Real Estate to arrange a viewing soon.