Situated in a sought-after area of Karenpark, this exceptional multi-unit property offers investors an outstanding opportunity to secure a reliable income-generating asset with further growth potential. Combining residential appeal with strong rental demand, this property is ideally suited to those looking to expand their investment portfolio or enter the rental market with confidence.
The property features a spacious three-bedroom main house with two bathrooms, offering comfortable accommodation and flexibility for owner occupation or additional rental income. Its practical layout and generous living spaces add significant value to the overall investment.
In addition, four well-maintained flats are currently occupied by long-term tenants, generating a steady monthly rental income of R29,000. The established tenancy provides immediate cash flow and reduces vacancy concerns, making this a turnkey investment from day one.
A fifth two-bedroom flat presents an exciting opportunity to increase returns. With some refurbishment, this unit has the potential to generate an additional R4,000 per month, taking the property's total projected rental income to approximately R33,000 per month.
Located in a popular rental area with convenient access to amenities and major routes, this property offers the perfect balance of immediate income and future value growth. Whether you're an experienced investor or seeking your next income-producing asset, this Karenpark property delivers excellent potential and long-term investment appeal.
At Matchmaker Realty we welcome you to book an exclusive viewing of this beautiful home. Matchmaker Realty is the Industry leader in Matching Buyers to Homes! We pride ourselves with a full, professional service from the initial viewing to the property handover and beyond with an 'emphasis' on after-sales service. We work with the best Bond Originators who will streamline the process of a bond approval with a high success rate.
We look forward to 'Matching' you to your dream home!