153 Albert Street, Cranbrook QLD
4 Bed 2 Bath 2 Parking 809 sqm
Dual Income Strength, Immediate Returns
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
Method of Sale
For Sale
Property Type
Duplex
Price
Offers Over $599,000
Bedrooms
4
Bathrooms
2
Parking
2
Land Area
809sqm
Council Rates
$8,117.80 pa
Gallery
Floorplan
Location
Property Documents
Make an Offer
If you would like to make an offer on this property, please follow the link below to fill in a formal offer form.
Book an Inspection
Our Team
Meet Our Team Of Experts
Matt O'Hanlon
Property Agent
Matt has earned himself the reputation as one of the most personable, disciplined and well-respected agents in Townsville. A driven and energetic approach to real estate coupled with a high level of professionalism has ensured Matt has a loyal following of clients throughout his long-term career in real estate that has survived many of the challenges our industry and market has faced this past decade or so.
Being one of Townsville’s long-standing agents having entered the industry back in 2007, Matt’s success in a notoriously tough industry shows drive, dedication and desire, all of which he applies to everything he turns his hands to. Matt holds his full, unrestricted real estate agent’s license and also has an extensive international travel background that gives him a unique and very broad life experience for his clients to draw upon and take leadership from. Outside of the office Matt also enjoys fishing, gardening and has become quite the lawn fanatic which can come in very handy when getting a property ready for sale!
Matt’s very personable nature, life experiences and genuine passion for all things real estate makes him a true asset to his clients and also to our team so don’t hesitate to give Matt a call the next time you need some real estate advice you will be glad you did.
Matt has earned himself the reputation as one of the most personable, disciplined and well-respected agents in Townsville. A driven and energetic approach to real estate coupled with a high level of professionalism has ensured Matt has a loyal following of clients throughout his long-term career in real estate that has survived many of the challenges our industry and market has faced this past decade or so.
Being one of Townsville’s long-standing agents having entered the industry back in 2007, Matt’s success in a notoriously tough industry shows drive, dedication and desire, all of which he applies to everything he turns his hands to. Matt holds his full, unrestricted real estate agent’s license and also has an extensive international travel background that gives him a unique and very broad life experience for his clients to draw upon and take leadership from. Outside of the office Matt also enjoys fishing, gardening and has become quite the lawn fanatic which can come in very handy when getting a property ready for sale!
Matt’s very personable nature, life experiences and genuine passion for all things real estate makes him a true asset to his clients and also to our team so don’t hesitate to give Matt a call the next time you need some real estate advice you will be glad you did.
0439 706 007
matt.ohanlon@keyesandco.com.au