Upside, options, versatility married with location, location, location makes this purchase an astute and clever decision indeed.

Purpose built as three apartments; this is as rare as you will get it in New Farm. Highly renovated so no work needs to be done.

Recently sold through the office was an art deco apartment for $707,000 so creating three individual units (strata)might be a wise move long term.

Your potential options:

1. Land bank and lease out as is
2. Create a beautiful home through minor renovations
3. Live in one, rent out the others
4. Strata and then sell off

I hear all the time that owners need a space for the grandparents or kids that pop in from time to time…this home allows you to mix and match when needed or as needed.

Separately metered, polished hardwood flooring throughout, internal cavity walls, double brick construction, the home has been entirely painted inside and out, outside communal laundry, landscaped grounds and decorative ceilings throughout.

Rental appraisal of all units are:

1. $450 to $500 per week (2 bedroom unit)
2. $350 to $400 per week (1 bedroom unit)
3. $450 to $500 per week (2 bedroom unit)

Don’t miss out on this opportunity.