15 Alexandra Street, Mirani QLD 4754

Multi-dwelling lot | established nursing home tenancy | no overlays | fibre internet This property presents a distinct multi-income configuration within a single-family suburb, offering a functional hedge through its three separate dwellings. The reliable tenant base from the local nursing home provides a demand anchor uncommon in typical residential investments, reducing vacancy risk. This setup serves the capital-efficient investor seeking immediate cash flow with moderate management overhead, rather than the speculative renovator. Your primary risk is illiquidity; the specialised multi-unit format narrows the buyer pool to investors only, potentially extending sale timeframes. The absence of documented condition reports necessitates a stringent building inspection contingency. The opportunity lies in holding the property as a consolidated income stream, where the separate cottage allows for rental segmentation. Acquire this for its income stability, not for speculative land value play.