Picture-perfect Queenslander in excellent condition consisting of four registered apartments (on one title) with a gross rental income of per week for residential leases (currently returning $860 per week gross rental from 3 x 1 bedroom apartments), with scope to increase gross profits through short term/holiday rental via AirBnB or similar. This is truly a rare and exceptional opportunity for the astute investor! The character building consists of 3 x 1 Bedroom and 1 x 2 Bedroom apartments, with three of the apartments having been meticulous renovated with high end finishes to meet today's standards of inner city living and maximise potential rental returns. The one bedroom apartments are fully furnished (two apartments with contemporary quality furniture and appliances including Smeg and Ilve appliances). Each apartment has its own undercover outdoor entertainment area as well as use of a communal undercover deck extending to the backyard. The property is positioned in a quiet street filled with character homes and within easy reach to the usual must-have conveniences including the DFO, both Primary and Secondary Schools, TAFE, sporting facilities and public transport as well as being within walking distance to Cairns Central and the city centre. Features include: - High ceilings - Casement Windows - T&G Walls - Large Bedrooms with Built in Robes - Air-Conditioning - Well-Equipped Communal Laundry - Off-Street Parking for one vehicle - Fully fenced grounds with easy to maintain landscaped gardens This property is ideal for a multitude of options including superannuation fund investment, high yield holiday rental, long term rental or boutique medium term business accommodation. There is nothing more to do! Call today to arrange your inspection!