Welcome to 22-24 Underdown Rd, Elizabeth South, where opportunity meets convenience. This property presents an ideal investment opportunity for discerning investors, boasting a combined rental return of $780 per week. Alternatively, it offers potential for development (subject to council consent), situated on a generous 1325 sqm (approx.) allotment under one title. Located in close proximity to Elizabeth Grove and South shopping precincts, this property enjoys convenience with St Mary Magdalene's school, public transport options, and Playford International College just moments away. A mere 5-minute drive leads you to Elizabeth itself, ensuring accessibility to a range of amenities. Each of the semi-detached maisonettes features 3 spacious bedrooms, a separate toilet, and a bathroom with a shower over the bathtub. Maintained to a neat and tidy standard throughout, these homes also offer ample front and rear yard space, ideal for relaxation or potential enhancement. Each Maisonette Features: * Three generous size bedrooms * Separate lounge room * Kitchen with overhead cupboards and plentiful bench space * Separate toilet, laundry and bathroom * Large back yards Additionally: Year Built - 1962 Land Size - 1325sqm (approx.) Local Council - Playford Council Council rates - Individually charged at $397p/q each **Separate water meters** Zone - SAC - HDN - Housing Diversity Neighbourhood Both currently tenanted at $390 per week until mid 2025 Don't miss this opportunity to secure a solid investment or explore the development potential in a prime Elizabeth South location. Contact Kylie Mahoney 0488 197 330 for further information and to seize the chance to make this hot property yours today! **The safety of our clients, staff and the community is extremely important to us, so we have implemented strict hygiene policies at all of our properties. We welcome your enquiry and look forward to hearing from you.** Want to find out where your property sits within the market? Have one of our multi-award winning agents come out and provide you with a market update on your home or investment! Call Kylie Mahoney 0488 197 330 or click on the following link https://raywhitegawler.com.au/agents/kylie-mahoney/76640 Ray White Gawler, Number One Real Estate Agents, Sale Agents and Property Managers in South Australia. Disclaimer: Care is taken to verify the correctness of all details used in this advertisement. However no warranty is given as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error. Ray White Gawler RLA 269656