10 Adelaide Street, Murrumbeena VIC 3163

Strong Income with Clear Upside

10 Adelaide Street, Murrumbeena presents a compelling opportunity to acquire an entire block of eight fully self-contained, strata titled apartments in one of Melbourne’s tightly held residential pockets.

Set on approximately 696sqm, the property comprises a well-balanced mix of six one-bedroom and two two-bedroom apartments. The diversity of condition provides solid immediate income while offering genuine scope to enhance returns through refurbishment and rental uplift.

The property currently generates $155,892 per annum gross with one vacancy, with a fully leased income potential of approximately $179,877 per annum. Investors can capitalise on the existing cash flow while exploring longer-term development or repositioning options (STCA).

Property Summary

• Land Area: 696sqm

• Configuration: 6 x One Bedroom & 2 x Two Bedroom Apartments

• Car Parking: 8 On-site Car Spaces

• Current Income: $155,892 gross per annum + 1 vacancy

• Fully Leased Income Potential: $179,877 gross per annum

• Title: Lots 1–8 on Strata Plan 016572

• Zoning: General Residential Zone – Schedule 1

• Overlay: Parking Overlay – Precinct 2-2

Location

Positioned in a quiet, tree-lined street, the property benefits from immediate access to public transport, local cafés and daily conveniences. It is within walking distance to Murrumbeena Train Station and only moments from Chadstone Shopping Centre, supporting strong tenant demand and long-term capital growth prospects.

This is a genuine blue-chip residential investment with scale, flexibility and future upside in an established rental market.