165 Albert Street, Cranbrook QLD 4814

Dual-income duplex on large block | Two tenanted units with combined $860/week rent | Flood overlay flagged | Development upside subject to council approval. This property offers a rare combination of immediate rental income and land-backed future value. Two separately tenanted two-bedroom units on a single title generate a strong combined yield, with one unit already achieving $450 per week. The 1190-square-metre site in Cranbrook provides scope for future subdivision or expansion, making this suitable for an investor seeking both cash flow and long-term capital growth. The location near schools, parks, and retail supports consistent tenant demand. The primary risk is the flood overlay, which requires thorough due diligence on insurance costs and historical inundation. The single-title structure limits separate sale of units, and development potential depends entirely on council approval. Automated valuations vary widely, so an independent appraisal is recommended. For a buyer comfortable with these factors, the property represents a solid dual-income investment with genuine upside.