A massive investment opportunity exists to enjoy endless returns on a three storey block of 12 solid & spacious two bedroom apartments. Positioned on a substantial 947m2* allotment in a prime lifestyle location & close to all the vibrant action of Balaclava & Ripponlea, it presents a unique chance for the seasoned investor, renovator or developer to explore an array of future prospects for capital growth (STCA), in a location constantly in demand for its lifestyle appeal & investment potential. All 12 generously proportioned apartments of very similar floorplans, some freshly painted & newly carpeted, feature a light filled living room with large windows providing leafy outlooks, balcony access, hallway storage, a functional spacious kithen with space for meals area, two good sized bedrooms with built in robes, a central bathroom with bath, shower, laundry facilities & a separate toilet. The block also features three single lock up garages & additional off street parking at the rear of block. Conveniently positioned in a location that delivers a complete lifestyle balance with Ripponlea Village, vibrant Carlisle Street, Ripponlea train station & Brighton Road tram routes all close by & with easy access to St Kilda & the bay.Don’t miss this rare & exciting opportunity to capitalise on this fantastic address! *Approximate Title Dimensions.