High-Yield Investment Opportunity: 5 Bed House + 4 Cottages in Dalpark 5!
Unlock exceptional investment potential with this expansive double-storey property in Dalpark 5, Brakpan! This unique offering features a spacious 5-bedroom main house and four fully tenanted cottages, delivering a substantial monthly income stream.
Key Investment Highlights:
Significant Income Potential: Current total cottage rental income is R21,700 per month. Main house rental potential is R20,000 per month (including lights, water, security, and garden services). Wifi ready, additional R650 pm income possibility.
Below Market Value: Selling Price is R3,000,000 (Negotiable). Market Value is R3,400,000. Area m2 = 1753. Multiple Income Streams: Diversify your portfolio with a combination of a large family home and multiple rental units. Fully Tenanted Cottages: Immediate income generation with existing tenants in all four cottages. Secure Location: Located in a boomed-off area with individual alarm systems (Shamrock Tactical Unit) for each dwelling, ensuring tenant safety and peace of mind.
Convenient Location: Close proximity to the N17 highway and Carnival Mall, offering excellent accessibility and amenities. Pet and Child-Friendly: Appeal to a broad tenant base with a property that caters to families and pet owners.
Property Breakdown:
Main House:
Upstairs: 4 Bedrooms (Built-in Cupboards), Toilet & Shower.
Downstairs: 1 Bedroom with En-Suite, Guest Toilet, Dining Area, Lounge Area, Entertainment Area, Kitchen Area (Gas & Electric Stove with Oven and Warmer Plate, No Kitchen Cupboards). Large Backyard with Swimming Pool & Lapa. Large Front Yard. Private back yard.
Cottages:
Cottage 1: 1 Bedroom, Lounge, Kitchen (B.I.C), Toilet & Bathroom, Own Yard & Entrance. Rental Income: R5,700 (Incl. Water & Alarm). Cottage 2: 2 Bedrooms, Toilet, Bath & Shower (His & Hers Basin), Kitchen (B.I.C), Lounge, Private Yard & Gate. Rental Income: R6,500 (Incl. W&L & Alarm). Cottage 3: Open Plan, Kitchen, Toilet & Shower, Own Yard Space. Rental Income: R5,000 (Incl. W&L & Alarm). Cottage 4 (Wendy): 1 Bedroom, Toilet & Shower, Open Plan Kitchen & Lounge, Own Yard Space.
Rental Income: R4,500 (Incl. W&L & Alarm). (Inner wall and ceiling work needed)
Additional Information:
Main house lease option: R20,000 per month (lights, water, security, garden services included). WiFi: R650 per month (Mweb/Vuma 50/20). Deposit (Main House): R20,000 (negotiable payment terms). Availability: Upon request.
Don't miss out on this exceptional investment opportunity! Contact us today to schedule a viewing.
