4/89 Aralia Street, Rapid Creek NT 0810

1 bed unit, Rapid Creek | 39m² compact floorplan | under market rent until late 2026 | sub-$250k entry point This property presents a rare entry-level opportunity in a coastal suburb with strong 20–39 year old demographic demand. The 39m² footprint is competitively positioned for single professionals or investors seeking low-maintenance exposure to the Nightcliff-Rapid Creek corridor. The current below-market lease to November 2026 offers immediate, predictable income while allowing time for capital growth, with the Domain valuation indicating upside from the asking price. The 50% owner-occupied building suggests reasonable tenure stability for a unit complex. The primary risk is the small floorplan limiting appeal to owner-occupiers and future resale pool. The 1987 construction may require special levies, though no disclosure is provided. The opportunity lies in the rental reset upon lease expiry, where market rent of $380–$420 per week would deliver a substantially improved yield. Buyers should verify body corporate financials and any upcoming capital works. This suits investors prioritising cash flow over future owner-occupier exit options.