Presenting a smart investment opportunity in the heart of Cranbrook, this well-maintained duplex on an 809m2 fully fenced allotment offers two independently leased units, each with solid rental performance and strong future value potential. The property has enjoyed continuous occupancy, minimising vacancy risk and delivering steady income for the astute purchaser. Unit 2 has recently been refreshed with modern flooring, kitchen and bathroom upgrades, enhancing its appeal and rental credentials. With both units offering air-conditioning, open covered carports and secure garden sheds, this is a turn-key income asset that also lends itself to value-add or owner-occupier conversion strategies.
The Property
- Duplex configuration: two side-by-side units, each with 2 bedrooms, 1 bathroom, and 1 covered carport
- Unit 1 currently leased at $390/week; Unit 2 at $400/week
- New roof and guttering completed in 2022 adds to peace of mind
- Allotment size: 809m2, fully fenced, providing privacy and outdoor space
- Each unit features a secure garden shed in addition to the covered open carport
- Unit 2 upgrades include modern kitchen, contemporary bathroom, and new flooring throughout
- Both units fully air-conditioned for tenant comfort and year-round leasing appeal
- Long-standing tenancy history with no extended vacancy periods, consistent income stream
- Excellent value-add potential for the next purchaser: either maintain as an income asset, reposition with further enhancements, or convert to owner-occupier with a rental income supplement
The Location
- Situated in sought-after Cranbrook, offering a strong rental market
- Close to local amenities including shops, cafes, and transport links
- Positioned in a stable residential enclave with access to quality junior and senior schools
- Enjoys a peaceful neighbourhood setting while remaining within easy reach of major shopping
- Close proximity to James Cook University and Townsville University Hospital
- Close proximity to Lavarack Barracks, and walking tracks along the Ross River
