47 Marjorie Avenue, Riverton
Subdivide For Profit House - Property ID: 724480
Green Title Options
Potential for two Green titled blocks.
Possibly retain the original 3x1 (trim the extension) and build at the rear.
Zoned R17.5/25 on the corner of Marjorie and Harrolyn this flat 792sqm block could potentially produce two street front blocks averaging 396sqm each.
Currently featuring a very rentable 1968 built brick and tile 3x1 with a periodic tenant, and big rear shed to be used during construction. The original home has had some professional extensions done creating a games room, a family room patio enclosure, and an additional room to be used as a study or fourth bedroom. Kitchen etc. are functional, with good sized formal living and generous bedrooms. Surround The super reliable tenant would like to stay long term while you sort you plans and provide you with a holding income (current rent $410pw).
A great opportunity to create a solid investment for the future in an area surrounded by new quality homes numerous schools and easy public transport access that continues to go from strength to strength, and all within walking distance to the shops and river
Family enclosure plus games
Current rent $410pw periodic