Two bedroom Cairns North mortgagee unit sold
A two bedroom one bathroom mortgagee unit in Cairns North, Qld has been sold for $180,250.
Ray Murphy of RE/MAX Cairns held the listing.
Situated at 2/323 McLeod Street, Cairns North, the home is located inside of the Aztec Court gated complex which features an in-ground pool.
Set on 86 sqm the property contains one parking space.
According to the listing the home has an estimated rental income of $300 - $330 per week.
Last sold in 2004 the home traded for $169,000.
It was listed on and off as a rental from 2006 to 2014, originally at a price point of $210/pw and rising incrementally to $280/pw in 2014.
The median price for a unit in Cairns North is $332,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -1.2%.
