3 Tamar Street, Ringwood North VIC 3134

A lucrative investment or redevelopment opportunity in a tightly held pocket, this 982sqm (approx.) property presents two units on one title plus plans to build a double storey residence at the rear (STCA). Returning $2,520 combined rent per month, the homes comprise two robed bedrooms, one bathroom, a spacious lounge, kitchen, single carport and a large communal backyard.
Providing a multitude of possibilities; you could renovate the units, knock down the parting wall to create one large family home, utilise the plans to build at the back or explore the option of dream home/multi-unit redevelopment (STCA).
With secure tenancies in place, you can sit back and collect the rent whilst you map out your future plans. Whatever you choose to do, a premium location will always be guaranteed. Situated within moments of buses, reserves, Mullum Mullum Creek Trail, Mullum Primary School, Norwood Secondary College, North Ringwood shops, Eastland and the EastLink freeway.