Exceptional Investment Opportunity: Block of Flats in Forest Hill
Discover this unique investment prospect nestled in the sought-after area of Forest Hill, located just south of Johannesburg. This block of flats features four spacious units, each offering two well-appointed bedrooms. Each apartment is designed with convenience in mind, boasting a separate bathroom and toilet, a modern kitchen, a comfortable lounge, and a private balcony, ensuring a desirable living experience for tenants.
Currently, the property is fully let, generating a solid income of R5,000 per unit monthly. Additionally, there is a charming cottage at the back of the property, which is currently vacant. This cottage presents an excellent opportunity to increase your rental income by an additional R3,000 per month, bringing the property's full potential rental income to R23,000 monthly.
All 4 units have municipal pre-paid electricity with their own sub metres.
Forest Hill is an area known for its high rental demand, making this property an ideal investment. With just some TLC there is significant potential to enhance both the property's appeal and rental returns. Don't miss out on this perfect investment opportunity that promises growth and profitability in a thriving rental market.
