A rare investment opportunity
Offered for the first time, a fantastic investment opportunity exists to enjoy endless returns on a block of seven apartments, ideally located in a peaceful parkside location of St Kilda East. This double brick 1970’s strata titled block, owned & built by one family is a once in a lifetime opportunity. It comprises a range of one, two & three bedroom accommodation options across two expansive levels. Featuring 1 x one-bedroom apartment, 5 x two-bedroom apartments, & 1 x three bedroom apartment, all securely let over many years. All seven light filled apartments are generously proportioned, recently refurbished (except for unit 2), each with a separate kitchen & meals area (unit 5 with alcove kitchen), spacious north facing living/dining room with green aspect, good-sized bedrooms most with built in robes, bathrooms as well as ensuite in the three-bedroom apartment. Also featuring under cover off street parking, original terrazzo flooring throughout the block & a communal laundry. Investors, don’t miss this unique opportunity to make your mark! Immediately bring in a rental income & acquire property in this high growth location, in a tree-lined street opposite a large park. As an added bonus it’s within walking distance of vibrant Carlisle Street shops, cafes, trams, trains, buses & schools.
St Kilda East suburb statistics
Houses*
Median sale price
$1,570,000
Quarterly price change
-5.10%
Units*
Median sale price
$585,500
Quarterly price change
1.96%
Sales insights
Auction clearance rate*
89%
Median days on market∧
25 days
Total sold properties*
92
*Updated quarterly for the past 12 months
^Updated daily for the past quarter
~Updated daily for the past 12 months
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