65 Ishmael Road, Earlville QLD 4870

65 Ishmael Road, Earlville | fully-leased five-unit block | 959sqm with no body corporate | flood overlay flagged | Cairns suburban investment This is a rare single-title multi-unit holding in a tightly held Cairns suburb, delivering five separate income streams with zero body corporate overheads. The land component at 959sqm gives a buyer positional leverage that individual units cannot match, and the fully tenanted status means immediate cash flow from day one. The property suits an investor seeking diversified rental exposure in one transaction, or a buyer looking to hold for medium-term land value appreciation. The flood overlay is the primary risk and must be quantified through insurance quotes and historical event data, as it affects both holding costs and any future redevelopment scope. The valuation spread signals that standard residential comparables do not apply here, so the buyer’s edge comes from verifying the actual rent roll and net yield rather than relying on automated estimates. The absence of body corporate fees is an operational advantage, but it also means the buyer assumes full responsibility for all building maintenance and capital works, which should be assessed through a building inspection and tenancy review.