8/5 Mitaros Place, Parap, NT 0820

Positioned within the ever popular Mitaros Place complex, 8/5 Mitaros Road is fully furnished and presents an outstanding opportunity for investors chasing a high quality, low maintenance asset in one of Darwin's most tightly held lifestyle suburbs.

Currently leased at $680 per week until 3 January 2027, this spacious three bedroom, two bathroom apartment offers immediate rental income with secure tenants already in place, making it the ideal set and forget investment.

Unlike many apartments in the area, this home delivers genuine size and functionality throughout. The open plan living and dining area is oversized and flows effortlessly onto a large private balcony with elevated open views and excellent natural light. The apartment offers a level of privacy rarely found in unit living.

The kitchen has been designed for practicality, featuring expansive bench space, extensive cabinetry, a large breakfast bar and a rare walk in pantry that adds valuable additional storage. Whether for owner occupiers in the future or long term tenants, the layout and functionality are a major standout.

All three bedrooms are generously proportioned with built in robes, while the master suite includes its own huge ensuite and direct balcony access. The apartment is fully tiled throughout for easy maintenance, with modern huge oversized bathrooms finished with floor to ceiling tiles.

Additional features include two secure car parks adding further appeal for tenants and investors alike.

Located only moments from Parap Shopping Village, cafés, markets, schools and the Fannie Bay foreshore, this is a blue chip Darwin location with consistently strong rental demand and excellent long term growth potential.

Key Investment Information:
• Currently leased at $680 per week until 3 January 2027- Fully Furnished
• Body corporate approximately $1,834 per quarter
• Council rates approximately $1,794 per annum
• Three bedroom, two bathroom apartment
• Two secure car spaces 

Large, well positioned apartments in Parap continue to be tightly held and highly sought after, particularly those offering strong returns and quality tenants already in place.

For more information, contact Josh at Monsoon Real Estate on 0448 312 163.