27 Trower Street, Tully, QLD 4854

27 Trower Street, Tully, QLD 4854 PRIME INVESTMENT OPPORTUNITY -13% ROI- SOLID 4 BRM WALK CBD, NEAR MISSION BEACH- YOUR GATEWAY TO SERENITY & ADVENTURE- $285,000 FIRM

This four bedroom home is not only suitable as a family residence but also serves as an ideal investment property. It is currently rented at $340 per week, providing a steady rental income for potential investors.

Upon entering the front, you step into a spacious open plan area that includes the kitchen, living, and dining areas. The L-shaped kitchen offers ample space, allowing for the addition of an island bench if desired. Additionally, there is a walk-in pantry or storage area for added convenience.

All of the bedrooms in the house are carpeted and equipped with air conditioning for optimal comfort. The bathroom features a shower, and there is a separate toilet. An internal laundry is also present, providing easy access to the clothesline. Adjacent to the home, you'll find a two-vehicle carport for parking convenience.

In addition to its rental potential, the property boasts a desirable feature: it is situated on the riverfront. This scenic location adds to the property's appeal and potential value.

Regarding the costs associated with the property, the approximate rates are $1800 per half year. This information is provided to give potential investors an idea of the ongoing expenses associated with the property.

In summary, this four bedroom home offers not only a great living space but also a lucrative investment opportunity. With its current rental income, riverfront location, and approximate rates, it presents an attractive option for investors seeking a profitable investment property.

Annual Rental Income = $17,680 (as calculated previously)

Annual Expenses = $3,600 (rates)

ROI = 13.94%