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R12,200,000

24 bedroom house for sale in Fauna Park

24 Beds
24 Baths
1,293m²
1,666m²
Reduced
House For Sale In Fauna Park

Calling on all Investors - Investment Opportunity: 24 x One Bedroom Rental Units on one Property

Nestled in a prime location, this property presents an exceptional investment opportunity with its 24 spacious one-bedroom rental units. Generating a steady rental income of R102,000 per month, this property promises both immediate returns and long-term growth potential.

Property Features:

  • 24 x 1 Bedroom, 1 Bathroom units with an open plan kitchen and lounge area.
  • Each unit boasts approximately +- 40m2 of comfortable living space.
  • Bedrooms are equipped with built-in cupboards, fans, and en-suite bathrooms for added convenience.
  • The bathrooms feature modern amenities including a basin, toilet, and shower.
  • The living areas offer a seamless flow with open plan lounges, fans, and kitchens featuring built-in cupboards, stove and oven hob, and elegant granite countertops.
  • Tenants enjoy the convenience of prepaid electricity, with the purchased amounts automatically deducted from the monthly water and lights bill.
  • Providing convenience and protection, the property offers undercover shade net parking for all tenants.
  • A communal braai area invites residents to unwind and socialize in a pleasant outdoor setting.
  • Access is easy with 2 entrance and exit gates strategically located on either side of the property.

Investment Highlights:

  • Proven rental income of R102,000 per month, offering immediate returns on investment.
  • Convenient amenities such as built-in cupboards, fans, and kitchen facilities.
  • The property's strategic location promises continued demand in the rental market.
  • Secure and well-designed, with features like shade net parking and gated entrances for tenant safety.

Don't miss this rare opportunity to acquire a lucrative investment property with a solid rental income. Whether you're an experienced investor or looking to expand your portfolio, this property promises exceptional value and potential growth. Schedule a viewing today to secure your stake in this thriving investment venture.

Property Type
House
Bedrooms
24
Bathrooms
24
Stand Size
1,666m²
Building Size
1,293m²
Rates & Taxes
R6,141.33
Electric Gate
Yes
Burglar Bars
Yes
Perimeter Wall
Yes
Security Doors
Yes
Driveway
Yes
Pave Way
Yes
Electric Prepaid Electricity
Yes
Reference
ENT0274346
Bedroom
B I C, Curtain Rails, Tiled Floors, More Features
Bathroom
B I C, Curtain Rails, Tiled Floors, More Features
Property history
Listed for sale at R12,820,000
27 Mar 2024
Price reduced by 3.3% to R12,400,000
15 Apr 2024
Price reduced by 0.8% to R12,300,000
25 Jun 2024
Price reduced by 0.4% to R12,250,000
02 Sep 2024
Price reduced by 0.4% to R12,200,000
17 Oct 2024
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