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Attention investors! Presenting a rare opportunity to acquire a well-maintained duplex in the sought-after suburb of Cranbrook. This dual-unit property is perfect for savvy investors looking to capitalize on a strong rental market and secure a steady income stream.
Key Features:
Dual Income Potential: Each side of this duplex offers 2 spacious bedrooms, 1 bathroom, and a single carport, ensuring maximum rental return.
Low Maintenance: With minimal upkeep required, this property is an ideal choice for investors seeking a hassle-free investment.
Prime Location: Situated in a family-friendly neighborhood, the property is close to local amenities, schools, parks, and public transport, making it highly attractive to tenants.
Strong Rental Demand: Cranbrook is a high-demand area for renters, ensuring a low vacancy rate and consistent rental income.
Investment Highlights:
Secure Tenancies: Long-term tenants in place, providing immediate rental income.
Potential for Growth: The property market in Cranbrook is on an upward trend, offering excellent capital growth prospects.
Flexible Options: Investors have the option to rent out both units or live in one while renting out the other, providing flexibility and additional income security.
Financials:
Current Rental Income: $660 per week
Rates and Outgoings: rates approx. $6951 per year (each unit is individually titled)
Building strata insurance $870 per year
Location Benefits:
Proximity to Schools: Close to reputable schools, making it an ideal location for families. The property is also a short drive to the James Cook University, and Townsville University Hospital, making it the perfect rental for University students and hospital workers.
Convenient Shopping: Minutes away from Townsville shopping centre, providing easy access to daily essentials.
Community Amenities: Nearby parks and a few roads back from the Ross River, making for an ideal lifestyle
Don't miss out on this fantastic investment opportunity. For more information, please email Ben Moon: [email protected]