It's the investment of a lifetime. A leafy character street barely 400m to Norwood Parade, the eastern suburbs at your feet, and four incomes from one converted c1900 villa. Currently disposed as 4 x 1-bed units (units 1 and 2 have potential for 2 bedrooms) cornering Phillips and Marchant Streets, the intact Torrens titled single-fronted villa could again become a substantial family home if you're willing… Perhaps you'll peel back its outer layer to reveal its villa glory, add a true hero moment with a 2-storey extension, or revert the rear unit into a garage - all subject to council approval. Each self-contained unit has clean, basic accommodation and all are tenanted on fixed leases returning almost $50K (gross) annually. What happens next is your call – the best part is, it'll pay you dividends while you decide. And no wonder when its admirable locale needs no car to get around; walk to The Kensington Hotel or a clutch of premier schools – Mary Mackillop, Loreto, Pembroke, St. Ignatius, and St. Joseph's – with a 4km dash to the CBD. Talk about opportunity… You'll love: C1900 villa conversion with restoration potential Fixed tenancies in place 2020 figures: Units 1 & 2: $250pw Unit 3: $210pw Unit 4: $200pw Split system A/C Zoning to Marryatville Primary School Walk to The Parade & Kensington Road transport Minutes to Burnside Village *If a land size is quoted it is an approximation only. You must make your own enquiries as to this figure's accuracy. Harcourts Smith (Kate Eliza Real Estate Pty Ltd) does not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority. *Purchasers should conduct their own due diligence and any information provided here is a guide and should not be relied upon. *The vendor's statement may be inspected at 107 Semaphore Road, Semaphore or at Harcourts South Australian Head Office at 19 Varden Avenue Adelaide for 3 consecutive business days immediately preceding the auction; and at the auction; for 30 minutes before it starts. RLA 242793