49a Tennyson Street, Elwood

A rare and golden opportunity to acquire four fully renovated Art Deco apartments in a highly coveted and sought-after enclave. These large four two-bedroom, one-bathroom residences each boast spacious living and dining areas, generously renovated modern kitchens with stainless steel appliances, and bathrooms equipped with laundry facilities. Two of the apartments also feature charming balconies nestled among the trees. Located in a solid boutique building, each unit showcases high decorative ceilings and classic Deco elements, along with fully lock up car spaces with electronic front and rear gates. This investment offers multiple possibilities: Considerable tax depreciation benefits, gross rental income in excess of $150,000 in the first year with existing rental returns. Positioned in one of the most desirable beachside locations. Situated between Ripponlea village and Point Ormond Reserve, and just a short walk from Elwood Beach, Acland Street, St. Kilda Botanical Gardens, and excellent public transport, this area is renowned for its vibrant lifestyle amenities, including a wide range of eateries, boutique stores, bars, cafés, and more.