88 Albany Road
Pimlico QLD 4812
- 10 Bed
- 5 Bath
- 6 Parks
Offers over $1,850,000
- Next open time
- 29th Mar 2026 (11:00 am - 11:30 am)
Fully Tenanted Multi-Unit Investment
88 Albany Road, Pimlico, presents an exceptional opportunity to acquire a fully leased, income-producing residential complex with stable returns and scope for rental growth. Generating $95,420 p.a.Set on an 809sqm allotment, the property comprises five two-bedroom, one-bathroom units, all held on a single title. This configuration provides investors with consolidated ownership, streamlined management, and consistent rental demand in an established residential location.
The complex has benefited from partial upgrades, including modernised kitchens, refreshed interiors, and improved finishes. Each unit offers a functional layout with open-plan living and built-in wardrobes. Unit 5 is the standout, featuring polished timber floors throughout and a secure double garage, while the other units have a combination of tiled and carpeted flooring.
The property is fully tenanted, delivering a combined weekly rental income of $1,835 ($95,420 per annum), providing immediate and reliable cash flow from settlement.
With no body corporate and allocated parking for each residence, this is a low-maintenance asset suited to investors seeking stable income with the potential to optimise returns over time.
Conveniently located close to Castletown Shopping Centre, The Lakes precinct, local schools, and public transport, the property also provides easy access to the Townsville CBD, airport, The Strand, and major employment hubs including Townsville University Hospital and Lavarack Barracks.
Offered to the market with a price guide of Offers Over $1,850,000, this is a high-quality investment combining immediate cash flow with long-term income potential.
Features
General Features
- Property Type: Block of Units
- Bedrooms: 10
- Bathrooms: 5
Indoor Features
- Toilets: 5
Outdoor Features
- Garage Spaces: 6
Can I afford 88 Albany Road?
Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.
Calculators
Elders Smith and Elliott Townsville
Enquire about 88 Albany Road, Pimlico, QLD, 4812