{"Slug":"house-38-wood-street-barney-point-qld-4680","CanonicalUrl":"https://realsearch.com.au/house-38-wood-street-barney-point-qld-4680","Address":"38 Wood Street, Barney Point, Qld 4680","Suburb":"Barney Point","State":"QLD","Postcode":"4680","PropertyType":"House","Status":"For Sale","Headline":null,"Description":"An outstanding opportunity to acquire a substantial seven-unit residential investment holding on one title, positioned within the established Barney Point precinct at 38 Wood Street.Set on approximately 1,386m²*, the lowset brick complex comprises seven two-bedroom units, each featuring two equal-sized double bedrooms, one bathroom and dedicated car accommodation.All seven dwellings are currently occupied by long-term tenants, providing an established rental income stream of more than $130,000 per annum.Five units have been fully renovated, with significant improvement works already completed across the complex. The remaining two units offer potential for further enhancement over time, subject to the relevant approvals and an incoming owner's investment strategy.Location & LifestyleLocated in established Barney Point, the property provides convenient access to a range of everyday amenities, including local shops, schools, employment centres and recreational facilities.Barney Point Beach is nearby, while Yaralla Sporting Complex and surrounding retail amenities are also within easy reach.The combination of an established residential setting, convenient local amenity and proximity to the broader Gladstone region makes the property well suited to long-term residential investment.Investment HighlightsSeven two-bedroom residential units held under one titleApproximately 1,386m²* of landLowset brick constructionTwo equal-sized double bedrooms and one bathroom per unitDedicated car accommodationFive units fully renovatedAll seven units currently occupied by long-term tenantsCombined rental income exceeding $130,000 per annumSeparate electricity meters for each dwellingEstablished multi-dwelling residential holdingFurther potential to enhance the two remaining unrenovated unitsExisting Improvements & Future PotentialThe five renovated units demonstrate the work already undertaken throughout the complex and provide upgraded accommodation for existing tenants.The two remaining units present an opportunity for a future owner to consider additional improvements, potentially allowing the property to be further enhanced over time. Any proposed works would remain subject to the relevant approvals, costs and investment objectives.With seven dwellings generating separate rental streams, the property provides diversified income within a single residential holding.The OpportunityWhether expanding an established property portfolio or seeking a substantial standalone residential investment, 38 Wood Street presents the opportunity to secure seven income-producing dwellings in one transaction.The combination of scale, established tenancy, completed renovations and further improvement potential provides a balance of current income and future upside.The Numbers at a Glance7 – Residential units1 – Title1,386m²* – Approximate site area5 – Fully renovated units7 – Units currently occupied$130,000 – Combined annual rental income - (as of lease renewal Nov)7 – Separate electricity metersCouncil Rates - $20,000 (approx p.a.)Disclaimer: Photographs depict a renovated unit and may not represent all units within the complex.","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"Offers Around $1,750,000 Considered"},"Bedrooms":"14","Bathrooms":"7","Parking":"10","Features":[{"Name":"Bedrooms","Value":"14"},{"Name":"Bathrooms","Value":"7"},{"Name":"Carports","Value":"10"},{"Name":"Area","Value":"1,386 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-23.84933135,"Longitude":151.2717783,"Agent":{"Name":"Dennis Black","CanonicalUrl":"https://realsearch.com.au/agent/dennis-black"},"Agency":{"Name":"McGrath Gladstone - GLADSTONE CENTRAL","CanonicalUrl":"https://realsearch.com.au/agency/mcgrath-gladstone-gladstone-central"},"CreatedAt":"2026-10-06T07:19:58.5008355","UpdatedAt":"2026-10-06T07:19:58.5275007"}