29 Penn Street, South Mackay QLD 4740

Smart start with income potential

Step inside and discover a home that offers more than just a roof over your head-it's a smart start with income potential.

Upstairs, everything feels fresh and inviting, soft paint tones lift the walls, and a cool breeze flows from the large covered deck into a spacious living area fitted with air conditioning and room to relax. The kitchen is a standout, built for the cook who loves to entertain-with a 6-burner gas stove, loads of bench space, and a walk-in pantry ready to be stocked with your favourites. There's space for the whole crew too-with four bedrooms plus a central bathroom and separate toilet.

Downstairs is where the opportunity really shines. Already self-contained with its own kitchen, bathroom, and two versatile rooms, this tenant has been in place since 2020. It's separately metered for power and gas and enjoys its own private verandah for relaxed outdoor meals or quiet afternoons. There's also a shared laundry and added insulation between the levels-ideal for peaceful living. Currently the property is fully tenanted, upstairs and downstairs tenants on one private, periodic lease at $500 per week.

Yes, the downstairs space could use some modern love, the upstairs bathroom needs a re-seal, and the roof will require attention-but the return and potential here are undeniable.

On a fully fenced 402sqm block with garden shed and off-street parking for two, this property is quietly positioned close to shops, schools, parks and sporting clubs. For first-home buyers or savvy investors, it's a rare find: live in, rent out, add value.

This is your chance to enter the market with a little help along the way, contact Nikita Kinnane on 0401 928 281 to register your interest.

Disclaimer:
Whilst every care is taken in the preparation of the information contained in this marketing, RE/MAX Select Real Estate will not be held liable for any errors or omissions in the above as all care is taken to ensure all information is correct at the time of publication. All interested parties should rely solely upon their own physical inspection of the property in order to determine whether or not this information is accurate.