1/42 Magnolia Road

Gardenvale VIC 3185

An exceptional investment opportunity awaits with this solid block of five well maintained, house sized apartments, all currently tenanted & delivering immediate rental returns. Occupying a substantial 920m2 allotment* in the heart of sought after Gardenvale, it presents outstanding lifestyle appeal & long term growth potential in a high demand location. A rare opportunity for astute investors to immediately bring in a passive income & explore an array of future prospects for capital growth (STCA). All five light filled comfortable two-bedroom apartments are generously proportioned, impeccably presented & enjoy leafy outlooks. Four apartments - two on the ground level & two above feature wide entrance hallways with ample storage, expansive living/dining rooms opening to large sun-drenched balconies, spacious neatly presented kitchens with room for casual meals, two good sized bedrooms with built-in robes & central dual-access bathrooms with bath & shower. The elevated front apartment with a slightly varied floorplan enjoys the added advantage of its own private entry & includes two bathrooms, with the main bedroom featuring an ensuite. Each apartment is further enhanced by an additional toilet, split system heating/cooling, a separate laundry, undercover off street parking & a lock up storage room. Dont miss this exciting opportunity to capitalise on this fantastic address - within in the sought after Gardenvale Primary School zone, close to beautiful parklands, vibrant Martin Street shops & cafes & a choice of transport options. *Approximate Title Dimensions.