Secure an immediate, proven income stream with this exceptional multi-let residential property in the high-demand rental pocket of Esiziba, Tembisa. Generating an impressive R10,500 in monthly rental income, this property is a turnkey cash-flow machine. It is the perfect addition to a seasoned investor's portfolio or an ideal start for a buyer looking for a property that completely pays for itself.
The main house features two comfortable bedrooms, a spacious lounge perfect for relaxation, and a functional bathroom.Outside are seven neatly built, independent rental units delivering consistent monthly revenue and an outside toilet facility dedicated to servicing the external units efficiently.
Fully walled perimeter with a secure gate, ensuring privacy and controlled access for all tenants. An exceptional investment highlight with immediate Return On Investment, generating R10,500 per month from Day 1, offering an excellent capitalization rate. Imagine the eight Separate income streams, mitigating vacancy risk by spreading your rental income across the main house and 7 outside units.
Located in an ultra-high-density rental market where affordable rooms are constantly in short supply. Location and transport are a big advantage, its a commuter's paradise with quick, effortless access to major taxi routes and local bus stops within walking distance. Conveniently positioned for easy commuting to Midrand, Kempton Park, OR Tambo International Airport, and Johannesburg. Close proximity to local commercial and industrial nodes, making it highly attractive to the working-class workforce. Close to local supermarkets, daily convenience spaza shops, and a short drive to major Tembisa shopping centres. Easily accessible to well-established primary and secondary schools, local crèches, and community clinics. Located near essential community services, recreation spots, and SAPS police stations.