18 Mathiesen Street, Cranbrook

Low-Mid $300,000's

Great Duplex Investment Opportunity!

Investment wise duplex's are exceptional and help mitigate some of your investment risk because with most investment properties if your property becomes vacant, there is no income. However with duplexes is actually pretty rare that both leases end at the same time so traditionally you will at least have half the rent coming in which helps with cash flow till you find a new tenant. If you're looking for an investment property you need to come and have a look at this one!

Unit one is my pick of the two because it also has a massive yard that's perfect for pets, or if you wanted to build a shed or workshop there's actually plenty of space.

Both sides were recently renovated with new flooring and paintwork, and an upgrade to the bathrooms has also happened, and no this property was not damaged in the floods at all!

The property itself is a solid concrete build where even the interior walls are concrete. We call these bulletproof investments because barring using a sledge hammer, it's pretty hard for any tenant to do damage to the walls.

Both sides have two great sized bedrooms, a good size bathroom, and a free flowing open plan area that combines the kitchen, dining/
And lounge area. This flow allows plenty of natural breezes and light in to the units.

The property is positioned perfectly for investment with high schools literally just out your front door, shopping centers across the road, the river within walking distance and with 3 of the biggest employers in Townsville just down the road being James Cook University, Queensland Health Hospital and the Military Lavarack Barracks there will never be a shortage of tenants.

The current owners have been using it as an air bnb property and are more than happy to show the last 12mths figures to anyone looking to invest.

So you can rent both sides out normally for ease of lease, rent both sides out as an air bnb, rent one side out normally, rent the other side out as air bnb, or you could even live in one side and rent to other side out to help pay off the mortgage. The possibilities are endless here! It's definitely worth a look so come and inspect today!


Heating & Cooling

  • Air Conditioning




Listed by

agent

Clint Wallis

0403 180 181

clint.wallis@theclintwallisteam.com.au


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