17 Renner Street, East Side, NT 0870

Set on an expansive 1,320m2 block in one of Alice Springs' most convenient and tightly held locations, 17 Renner Street, East Side presents a rare opportunity to secure a substantial multi-living property with exceptional flexibility, strong investment returns, and exciting future development potential (STCA). With its current configuration, the home can easily function as a four bedroom, two bathroom residence or alternatively a three bedroom, one bathroom home plus a self contained one bedroom unit, offering flexibility to suit your lifestyle or investment strategy. Estimated rental potential across the various living zones is approximately $1,300 per week, allowing you to get fantastic returns in the vicinity of 8.5% (Approx) while owner occupiers also have the flexibility to live in one section while generating income from the others. The main residence is generous in both scale and design, featuring a huge living area with polished concrete floors, soaring high ceilings, and a cosy fireplace that creates a striking yet inviting space. French doors lead through to the light filled kitchen and dining area, which is well appointed with gas cooking, ample bench space, and excellent storage, making it ideal for both everyday living and entertaining. The main bathroom is spacious and functional, complete with a bath, walk in shower, and separate toilet. The adaptable layout also allows the unit's living and kitchen zone to operate as studio style accommodation if preferred, further enhancing the property's flexibility and income potential. Adding even more value, positioned above the adjoining unit is a third living option: a studio style space with a basic kitchenette and open plan design. The bathroom facilities for this area are located underneath the stairs, making it a practical and affordable rental option. The size of the block, with substantial rear portion of land and rear access, opens the door to future development potential that may be suitable for subdivision and further dwellings (subject to relevant approvals). Positioned directly opposite East Side IGA and only a short walk to the CBD, the location alone makes this property a standout. Additional features include: - Split system air conditioning throughout - Solar hot water system - Bore - Separate power meters - Rear access - Powered shed - Multiple income streams - Exceptional flexibility for living, investing, or development A rare opportunity to secure a substantial East Side property with genuine versatility, income potential, and future upside. Call Lindsay to find out more or book an inspection today.