7 Mathiesen Street
Cranbrook, QLD 4814

Duplexes provide a valuable addition to any property portfolio by offering the advantage of dual income streams. When one unit is vacant, the other can continue generating rental income, often resulting in a combined rental return that surpasses that of a single dwelling. This particular property is held on one title and does not incur any Body Corporate fees.

Situated on a substantial 809 square meter block in Cranbrook, the duplex enjoys a convenient rental location close to major roads, schools, and shopping centers, while being positioned away from heavy traffic and noise for added tranquility.

Each unit benefits from its own driveway and fenced rear yard, and both units share a garden shed.

Unit 1 features:

• Open plan living and dining area equipped with split system air conditioning
• Galley kitchen offering ample bench and cupboard space, electric stove, and space for a refrigerator
• Renovated bathroom with floor-to-ceiling tiles, a large walk-in shower, vanity, and linen press
• Two oversized bedrooms featuring carpet, split system air conditioning, and built-in robes
• Internal laundry facilities
• Full security screening, paved side access, and rear outdoor space

Unit 2 features:

• Open plan living and dining area with split system air conditioning
• Galley kitchen with ample bench and cupboard space, electric stove, and space for a refrigerator
• Original bathroom including a Roman bath/shower, linen press, and vanity
• Two oversized bedrooms with carpet, split system air conditioning, and built-in robes
• External laundry located under the roofline in a separate space
• Security-screened front and rear doors

Financial details:

• Unit 1 rental appraisal ranges from $400 to $430 per week, currently without a lease in place
• Unit 2 rental appraisal ranges from $380 to $410 per week, currently without a lease in place
• Combined rental income is estimated between $780 and $840 per week

Rates amount to $4,059 per half year, inclusive of water charges, totaling $8,118 annually.

With potential to increase rents to current market levels, this well-constructed income property is an excellent opportunity to enhance your investment portfolio.