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%.