This exceptional residential property in Kotara South offers a unique opportunity with three separate living spaces under one title, providing three income streams. Top-Level Residence (Unit A): Leased at $495/week - Currently leased at $495.00 per week, presenting a lucrative investment opportunity with steady rental income. - Three spacious double bedrooms offer ample accommodation space for residents. - Updated bathroom with modern amenities and comfort. - Convenient off-street parking and a single garage. - Open-plan kitchen with picturesque backyard views enhances the cooking and dining experience. - Charming L-shaped lounge and dining area with beautiful hardwood floors to add warmth and character to the living space. - Recently painted throughout for a fresh and modern aesthetic. - New window coverings enhance privacy and light control in every room. - All bedrooms compelte built-in robes, optimizing storage space and organization. - Reverse Cyle AC in the living area. Lower-Level Residence (Unit C): Leased at $325/week - One-bedroom flat with bathroom, small living area, kitchen, and internal laundry. - Split system Ac in the living area, servicing the whole unit. - All areas open onto the rear yard, promoting seamless indoor-outdoor living. Granny Flat (Unit B): Leased at $380/week - Modern granny flat DA approved 31.12.2011, offering contemporary living amenities. - One bathroom, open-plan kitchen, and living room provide a comfortable living space. - Split system Ac and ceiling fan in living room. - Charming private yard surrounded by trees enhances appeal, perfect for relaxation or outdoor dining on the deck overlooking Nereida Close, Reserve. - Off-street parking available for added convenience, ensuring hassle-free parking for residents and guests. Conveniently located just a short drive away from Charlestown Square and Westfield Kotara, with public transport directly outside, this property offers both accessibility and quiet suburban living. With a remarkable 54.8% increase in median value over the last 5 years, this property presents a lucrative investment opportunity for those looking to capitalize on the growing real estate market in Kotara South. ** Pest and Building reports available upon inspection ** Zoning: R2 Low Density Residential Land Area: 753sqm approx Council: Lake Macquarie Land Rates: $2185pa approx Water Rates: $859pa approx Current Rent: $1200pw We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. Photos maybe digitally edited and include virtual furniture.