From the moment you lay eyes on this boutique Art Deco mansion style block of three, nestled amongst the treetops in a coveted Elwood location, you’ll know you’ve found something truly special. Positioned on a 531m2* allotment & enveloped in beautifully established garden surrounds, these three solid & spacious residences, in varying good condition, each with its own captivating warmth & character, offers a rare investment opportunity. Boasting distinctive period detail & gorgeous green outlooks it presents a unique opportunity for the seasoned investor to immediately bring in a rental income & explore an array of future prospects for capital growth (STCA) in this blue-chip location. The superb ground floor house-sized apartment - the largest of the three - retains the elegance of its Art Deco origins. Showcasing beautiful bay windows, etched glass detail, high ceilings, ornate cornices & original timber flooring, it features a grand living & dining room, three bedrooms, a spacious central bathroom, a well appointed spacious kitchen with space for a meals area & laundry facilities. While upstairs, the two elevated apartments feature generously sized living & dining spaces, neatly presented kitchens, two bedrooms (one with study/optional third bedroom), sparkling central bathrooms & split system heating/cooling units. All three apartments enjoy shared access to a gorgeous rear courtyard, covered alfresco area, communal laundry facilities & off street parking. Superbly located, this exceptional opportunity places you within easy reach of Elwood Village’s lively café scene, vibrant St Kilda, Acland Street’s dining & shopping precinct, St Kilda Botanical Gardens, the beach & transport. Don’t miss this rare chance to secure a prime piece of Elwood’s rich history & capitalise on its future potential rear access from laneway. *Approximate Title Dimensions.