1-5/16 Brown Street, Newtown NSW 2042

On offer is this exceptional opportunity for investors to secure a grand character property and capitalise on its numerous creative possibilities. This attractive Victorian terrace has been converted into five separate apartments and is well-presented throughout with some recent upgrades and all units are in great condition and earning solid rental returns. This is a rare prospect with ample scope to explore future options and maximise the potential, while the prime location is just a couple of blocks from King Street's major dining, transport and entertainment hub.

• Freestanding building on a generous corner block with dual frontage
• 4 X 1-bed & 1 X 2-bed apartments, each presented in great condition
• Potential income earnings of approx $158,000 pa
• Fresh and bright interiors have been well-maintained throughout
• Well-appointed kitchens, great bathrooms and internal laundries
• Two of the units have private access to the leafy rear courtyard
• Unit 3 is a dual-level two-bedder with traditional front balcony
• A short walk to Macdonaldtown station and Erskineville village
• Lots of scope to further update apartments and increase rental yield