6 Council Street, St Kilda

6 BED3 BATH2 CAR GARAGING

Web ID: DO11989

SOLD

Rare multi-unit brick investment

Opportunities like this are rare. Built and held within the same family for over 50 years and meticulously maintained, this exceptional three-unit investment property - positioned on a single title - is now ready to be passed onto its next owner. A truly special offering, that combines long-term stability with outstanding care, making it a standout choice for discerning investors.

Flat one is elevated, offering a sense of privacy and space, while flats two and three sit conveniently at ground level. Each unit has been thoughtfully refreshed with a modern touch, featuring fresh neutral paint, brand-new carpet and stylish new curtains.

Flat One consists of two bedrooms, a bathroom, separate shower and toilet. Spacious lounge that seamlessly connects to a renovated kitchen, offering both improved functionality and aesthetic appeal. Additionally, there is a separate laundry located beneath the property, as well as a private garage.

Flats Two and Three each include two bedrooms, a bathroom and the original kitchen, which has been refreshed and flows into the lounge area. Flat Two benefits from a separate laundry and a garage, while Flat Three features the convenience of an in-unit laundry and an off-street parking space.

Designed for ease of upkeep, the property boasts low-maintenance gardens and a well-kept exterior, making it an attractive long-term investment. For those looking to add further value, opportunities exist to modernize the interiors or explore the potential of subdividing the title. With a proven track record of high tenant demand and a current rental income of $1280 per week - with room for further increases - this is a rare chance to secure a solid, income-generating asset in a tightly held market.

This rare, low-maintenance property offers consistent, strong returns and is a standout investment opportunity that offers long-term stability with minimal upkeep. Don't miss out on securing this exceptional asset for your portfolio.

Property Details

Approximate Land Area
400m2

Rateable Value
$650,000

You Might Also Like...