Real value opportunity not to be missed!Wide 17-metre frontage! Impressive 2-level brick and tile building with 12 rooms, each with kitchenettes, multiple bathrooms, and toilet facilities.Registered boarding, requiring refurbishment (which will increase your cash flow).Zoned R3 medium density residential; no heritage, no conservation. Land area: 822 m2. 12.5m height limit.Passive income: $196k per annum on full leased basis.Ideal for builders / developers / built-to-rent investors or housing providers / co-living. Excellent connectivity to public transport and amenities.Located in a tightly held, blue-chip inner west location.Vendor's instructions: must be sold on the day! Be quick to avoid missing out!