This rare property is positioned in a popular quiet lake side suburb offering lake and ocean views. Property is set on a generous 556m2 land and zoned R2. Property features 3 flats, consisting of: - 1 x 3 - bedroom house - 1 x 2 - bedroom unit - 1 x 1 - bedroom unit. House features: - Single level modern home. - 3 bedrooms, with BIW's - Spacious kitchen and dining, separate living/lounge. - Polished floors throughout - Bonus sunroom/study - Well-appointed bathroom, separate W/C, internal Laundry - Security shutters - Large double L/U remote garage - Mechanical work pit for avid mechanically minded person - Under garage secure storage, workshop/cellar. Lower level features: - Additional Flats of 1 x 2 - bedroom unit & 1 x 1 - bedroom unit - Spacious solid brick units - Sleek modern kitchens - Well-appointed bathrooms - Both with laundries - Fully tiled areas - Dedicated parking - Storerooms. VACANT POSSESSION AVAILABLE. Potential rent $65,000 plus per year. Property will not disappoint! Rare opportunity to secure a well sought-after city fringe large family home + 2 more flats or add to your property portfolio as a simple investment. Complete with a walk-in attitude, low maintenance, child, and pet friendly fenced yard. A perfect, relaxed, and carefree neighbourhood with everything you need at your doorstep. Easy stroll to Lake Illawarra Foreshore, Conveniently positioned within an established lake side suburb, within short drive to Warrawong business and bulky good retail shopping precinct, super close to Port Harbour operations, famous Port Kembla beach, schools, shops, parks, and cafes, Only 15-minute drive to Wollongong CBD, Wollongong University, Innovation Campus, Both Public and Private Hospitals. Easy access to M1 Motorway, Sydney CBD, and airport just over an hour away. This property definitely is a must see! An ideal strategic investment opportunity - Better than money in the bank.