Exceptional Investment Opportunity: Multi-Unit Property with High Rental Income Potential
Discover an incredible investment opportunity with this multi-unit property, perfectly positioned on a large stand adorned with mature fig and apricot trees. Situated in a convenient location close to public transport and all essential amenities, this property offers a diverse range of rental options, ensuring a steady income stream for the savvy investor.
Property Overview:
- Bachelor Apartments: There are two bachelor units available, each renting for R2,200. These compact living spaces are ideal for singles or young professionals seeking affordable accommodation.
- Cottage Units:
- A charming one-bedroom cottage with an adjoining study is available for R4,500. This unit is perfect for those needing a bit more space for work or leisure.
- Two-bedroom cottages are available for R5,000 each, offering ample room for small families or couples.
- A one-bedroom open-plan cottage, featuring a lounge and bathroom, is available for R4,200.
- An additional one-bedroom cottage is available at an affordable rate of R2,300.
- Main House Rentals: The main house consists of five spacious bedrooms, each renting for R1,700. This shared living arrangement is well-suited for students or individuals looking to enjoy communal living.
Additional Features:
- Potential for Expansion: The property includes a double garage that can be converted into one or two additional units, increasing the rental capacity and further enhancing revenue potential.
- High Rental Yield: Currently, the owner collects over R25,000 in rental income monthly, with the potential for even more once further improvements are made.
Property Condition:
While the property does require some tender loving care (TLC), its current rental yield and potential for growth make it an attractive option for investors willing to enhance its value.
Safety and Security:
The property is safe and secured, providing peace of mind for tenants and owners alike.
This property represents a rare opportunity to invest in a versatile rental portfolio with significant income potential. Don't miss out on this chance to secure a valuable asset in a sought-after location. Contact us today to arrange a viewing and explore the possibilities this property has to offer.
