Proudly sitting on a elevated 847sqm block is a fantastic opportunity for investors or families seeking multi-generational living options or first home buyers looking for a way to supplement their mortgage repayments. Located within a sought-after area, only 300 metres to cosmopolitan Leura Mall cafes, restaurants and shops. The property has long term and stable tenants. With the potential to achieve a great rental return with upside and possible development possibilities (STCA). Both rentals have been updated internally and offer appealing interiors. Northern orientation and elevated above street level provides great natural light throughout. Ornate period style features provide charm. There is further scope to renovate or extend to create a truly one of a kind property or return the property to a single residence. Summary of features: • Two dwellings, with seperate access to each, separately metered for electricity • Unit 1 :2-bedroom, 1 bathroom, new kitchen , single level dwelling • Unit 2 : 2-bedroom, 1 bathroom, single level dwelling • Excellent long term tenants in both dwellings, total rental return of $730p/w • Large grassed yard and access off street for vehicle parking • Land size 847sqm; Zoned LEP 2005 Living conservation • Scope for further renovation or convert back to single residence or development (STCA) • Strategic long term hold investment, close to all amenities • Council permitted as 2 rentals