Positioned in one of Cranbrook's most convenient and well-connected locations, 423 Ross River Road, Cranbrook presents an outstanding opportunity for investors seeking immediate rental income, quality tenants, and excellent future growth potential.
This solid block duplex has been exceptionally well maintained and offers two fully self-contained residences, each thoughtfully designed with private access and low-maintenance living in mind. Both units are currently tenanted by occupants who take exceptional pride in their homes, providing peace of mind and an attractive set-and-forget investment.
Each residence features two generous bedrooms, one bathroom and dedicated carports, complemented by split-system air conditioning throughout to ensure year-round comfort. Private courtyards provide an appealing outdoor space for tenants while enhancing the overall livability of each unit.
This property also offers an excellent opportunity for future rental growth, making it an attractive proposition for both seasoned investors and those looking to expand their portfolio.
Property Features:
• Solid block construction.
• Well-maintained throughout.
• Two fully self-contained residences.
• 2 bedrooms, 1 bathroom and 2 carport speaces per unit.
• Split-system air conditioning throughout both units.
• Private courtyards for each residence.
• Independent access to both units.
• Low-maintenance investment.
• Both units tenanted.
• Strong rental growth potential.
Current Tenancy Information:
Unit 1-
• Tenant in place since October 2025.
• Lease secured until January 2027.
• Currently returning $360 per week.
Unit 2-
• Tenant in place since 2022.
• Lease secured until October 2026.
• Tenant has expressed a desire to remain.
• Currently returning $360 per week.
Additional Information:
• Rental Appraisal - $420-$440 per week per unit.
• Security screens throughout.
• Fully fenced pet-friendly yards.
Outstanding Central Location:
Convenience is a major highlight of this property. Situated along Ross River Road, everything tenants need is only minutes away, contributing to consistently strong rental demand.
Nearby amenities include:
• Stockland Townsville Shopping Centre.
• Willows Shopping Centre.
• James Cook University.
• Townsville University Hospital.
• TAFE Queensland.
• Ross River walking and cycling trails.
• Numerous parks and sporting facilities.
• Public transport within easy walking distance.
• A wide selection of primary and secondary schools, including Holy Spirit Catholic School, Ignatius Park College, Heatley Secondary College, Vincent State School and Cranbrook State School.
• Easy access to the Townsville CBD and Lavarack Barracks.
Whether you're looking for a reliable addition to your investment portfolio or a dual-income property with excellent long-term prospects, this duplex offers the ideal combination of secure returns, quality tenants, low-maintenance construction and an unbeatable central location.
For further information, Form 2 - Seller' Disclosure or video walkthroughs of both units, please don't hesitate to get in touch. Video inspections of both residences are available upon request.
