Looking for an investment that is CASH POSITIVE ? This property has the potential for well over a 12% NET RETURN Two dwellings for the price of one on 1/4 acre (1012m2) corner block perfect for the savvy Investor or big family. This cash flow positive property has a three bedroom house and a two bedroom unit, both dwellings are fully air-conditioned with modern kitchens and plenty of parking with a fully undercover two-car carport and entertaining area as well as a high-clearance two-car open carport (perfect for boats, caravans, trucks).. 3 BEDROOM HOUSE: -2 bathrooms (one bathtub), 1 toilet, separate shower - two large box air-conditioners - polished wood floors in bedrooms - ceramic tiles throughout remainder of the house - ceiling fans throughout - built-in robes to ceiling in 2 bedrooms - Large laundry room - undercover parking - external TV antennas and connections for cable TV - Currently renting at a discounted rate of $285 per week ( Fair Rental on the house would be $320 - $340 per week ) 2 BEDROOM GRANNY FLAT The Granny flat is a separate stand-alone dwelling with separate electricity meter, separate water meter & wheelie bins Currently vacant due to selling, ( Fair Rental on the Granny Flat would be $240 - $260 per week.) Just do the figures above, this property could be getting $500 pw - $600 pw - split system air-con in living areas - box air-con in master bedroom - fly screens - ensuite, cast-iron bathtub, and matching pedestal cast-iron vanity basin - built in mirrored sliding doors on robes - to ceiling - pure wool carpet in living room - built in timber corner wall shelving/unit in living room - both bedrooms carpeted - external T.V Antennas & connections for cable TV Live in one rent the other, or rent both for a ridiculously good return and let the tenants pay the mortgage with extra cash left over for a rainy day. THE PROPERTY - 1.5 kms from Innisfail CBD - On bus route - Two street access ( The Highest Block in the Street ) - Fenced RATES $5,400 per year