1 Byron Street

Elwood VIC 3184

An amazing opportunity to purchase 6 x 2 bedroom Art Deco apartments on one title to add to your portfolio or refurbish/rebuild as you wish (STCA). Returning in excess of $126,000 per annum in its current condition, it is a wonderful investment ready for further improvement and increased returns. In lovely established gardens for all to enjoy, this solid brick building retains different period elements in each apartment including high ceilings, picture rails, etched glass doors, original timber detail, polished boards and fireplaces. With each apartment well proportioned, one has an additional bedroom/study/sunroom, another has a separate dining room, yet another a large rear balcony, five have modern kitchens, four renovated bathrooms (three laundries) and three enjoy gas heating in their spacious lounge. Leased for between $375pw and $425pw and ranging in size from 88 sqm to 98 sqm approx., there's so much potential to bring out the best of these classic abodes with further renovation and the potential to create individual private outdoor spaces. Excitingly close to the city tram and Ripponlea station, yet amongst all the leafy Elwood action, walk to Elwood Village, glorious beaches, Elwood Primary School, Elwood College, charming parks and Acland Street cafes.