Five 2-Bedroom Residential Units | 100% Occupancy | Strong Rental Potential
An income-producing multi-unit residential investment with an established tenant base and excellent rental growth potential.
An exceptional investment opportunity in Ellaton, comprising five individual two-bedroom residential units situated on a spacious 885m² fully paved stand.
The property offers investors an opportunity to acquire an established rental asset with 100% occupancy, an active tenant waiting list and individual prepaid electricity meters.
PROPERTY FEATURES
Each of the five units offers:
• 2 bedrooms
• Built-in cupboards
• Fully tiled interiors
• Modern kitchen cupboards with double sink and four-plate stove
• Full bathroom with bathtub, shower, basin and toilet
• Individual prepaid electricity meter
• Covered parking
. Guard House
. Property rezoned for business use
. Building plans in place for potential further developments
The property is secured by an approximately 2.4-metre-high perimeter wall, providing privacy and security for residents. The entire yard is paved, offering a practical, low-maintenance environment with convenient access and parking.
INVESTMENT HIGHLIGHTS
• 5 individual residential units
• 100% currently occupied
• Active tenant waiting list
. Business-zoned property
. Building plans in place for further developments
• Established rental income
• Individual prepaid electricity meters
• Covered parking for each unit
• 885m² fully paved stand
• Approximately 2.4m perimeter wall
• Potential for future development and rental escalation
• Multi-unit income diversification from a single property
The current rental arrangement is R3,200 per unit per month. According to the current owner, the units have the potential to achieve approximately R4,500–R5,000 per unit per month, subject to market conditions.
INVESTMENT COST BREAKDOWN
CURRENT RENTAL POSITION — R3,200 PER UNIT
5 Units × R3,200 = R16,000 gross rental income per month
• Gross rental income: R16,000 p/m
• Expenses: -R3,000 p/m
• Estimated net before other costs: R13,000 p/m
• Estimated annual net before other costs: R156,000
POTENTIAL RENTAL POSITION - R4,500 PER UNIT
5 Units × R4,500 = R22,500 gross rental income per month
• Gross rental income: R22,500 p/m
• Expenses: -R3,000 p/m
• Estimated net before other costs: R19,500 p/m
• Estimated annual net before other costs: R234,000
POTENTIAL RENTAL POSITION - R5,000 PER UNIT
5 Units × R5,000 = R25,000 gross rental income per month
• Gross rental income: R25,000 p/m
• Expenses: -R3,000 p/m
• Estimated net before other costs: R22,000 p/m
• Estimated annual net before other costs: R264,000
WHY THIS PROPERTY DESERVES INVESTOR ATTENTION
With five separate rental units, the investor benefits from multiple income streams from one property. The current 100% occupancy demonstrates existing rental demand, while the indicated rental potential creates an opportunity to increase gross rental income over time.
A practical, income-generating property with room to grow.
Contact me today for further information and a private viewing.