Nestled in the premium pocket of Morningside, this immaculately presented property is a standout investment opportunity. It comprises two spacious 2-bedroom flats, each thoughtfully designed with separate entries, spacious bedrooms, well-appointed kitchens, lounges, bathrooms, and individual garages. Currently, both flats are leased and generating rental income until early next year, providing an immediate return on your investment. This is an excellent opportunity for savvy investors looking to secure a steady income stream and the perfect opportunity for dual living. Furthermore, rest assured that the property sits on a flood-free block, offering peace of mind for your investment. Moreover, for those with grander aspirations, there's the exciting possibility of merging both flats into one grand residence. With a generous 610m2 block at your disposal and a north-facing backyard bathed in natural light, the potential is boundless. Additionally, the property's post-war status means that, subject to council approval, it can be redeveloped to suit your future vision. Property Features: - Two x 2- Bedroom flats separately metered - Recently painted throughout & updated kitchens - 2 Car lockup shed plus storage with individual access. - Airconditioning & ceiling fans in both units - Large 610m2 block with North facing backyard - Approximately 15m frontage to Algoori Street The property is conveniently located just a short walk from Morningside Central shopping centre, Morningside Tennis centre, and Monocle Coffee. With nearby bus stops and Morningside train station, you'll have easy access to the CBD. The peaceful surroundings are also close to Morningside's dining options and reputable schools like St Peter & Paul's Primary and CHAC. Don't miss out on this unique opportunity to secure your future in the thriving community of Morningside. Contact us today to arrange a viewing and discover all that this property has to offer.