In the centre of town with Residential 1 Zoning, is this ideal investment property in well-maintained condition. The property offers three independent dwellings, the front house with entry hall, three bedrooms plus study, timber kitchen/living area, bathroom with separate toilet, reverse cycle unit and gas heating. Apartment one offers two bedrooms, bathroom, kitchen with gas cooking and generous living space with reverse cycle air conditioner. Apartment two has one bedroom, kitchen/living area plus bathroom. Each dwelling has garden access. Current gross rents are $40,560 per annum, with potential to increase to current market conditions, approx. $45,770 per annum. Each property is separately rated by Mount Alexander Shire and is separately metred for electricity and gas. Find your base in Castlemaine with added income, or grab your friends and invest together. A rare opportunity with endless potential.