Positioned in a prime location in the heart of Old Tin Can Bay, 22 Tailor Street presents a practical dual-living investment opportunity within walking distance of the Bay, marina and local amenities. This multi-living dwelling offers income potential and is already generating reliable rental returns. With two floors, each offering its own amenities, this opportunity is ideal for an investor seeking a set and forget high-yield property in a prime Tin Can Bay location.
Key Information:
• The upper level features three bedrooms, two of which include built-in wardrobes, and a modern family bathroom. The kitchen is well equipped and includes a custom timber breakfast bar that adds a practical and durable workspace. An air conditioned open-plan living and dining area provides a comfortable setting for everyday living. The upper floor can be accessed via either the kitchen or the living area, allowing convenient entry points for occupants.
• The lower level comprises one spacious bedroom with a built-in wardrobe, a functional kitchen with ample storage, and an open-plan living and dining area. The bathroom is well appointed, and the covered rear patio offers a sheltered space suitable for relaxation or outdoor meals.
• Additional features include a shared laundry located downstairs, a built-in storage room, and a fully fenced yard that ensures privacy and security. Raised garden beds add a low-maintenance touch for tenants or owners seeking easy-care outdoor space.
• For investors, the property provides a strong return, with the upstairs residence currently achieving $465 per week and the downstairs residence returning $260 per week. Combined, the current annual rental income is approximately $37,700.
22 Tailor Street represents a practical opportunity in a tightly held pocket of Old Tin Can Bay. With its central location, existing rental returns and easy access to the Bay, marina and local amenities, this property is a smart choice for those seeking long-term value and lifestyle convenience.
