High-Yield Investment Opportunity!
Fully Tenanted 6-Unit Multi-Let Property
Asking Price: R1,899,500
Monthly Gross Rental Income: R23,200
Annual Gross Rental Income: R278,400
An outstanding turn-key investment opportunity situated in prime Kempton Park Central (Ext 2).
This expansive freehold property features a generous 1,165 m² stand with 332 m² under roof, converted into 6 independent rental units—offering immediate, consistent cash flow from day one!
Property Breakdown & Layout:
Main House (5 Units):
- 2 x Bachelor Units: Complete with private en-suite bathrooms.
- 3 x 1-Bedroom Units: Each featuring a private kitchen, living area, and bathroom.
Outside Cottage (1 Unit):
- 1 x Spacious Cottage: Includes 1 bedroom, private lounge, kitchen, and bathroom.
Rental Income Breakdown (R23,200 Total / Month):
- Tenant 1 (Bachelor): R3,200 / month
- Tenant 2 (Bachelor): R3,500 / month
- Tenant 3 (1-Bed): R3,800 / month
- Tenant 4 (1-Bed): R4,000 / month
- Tenant 5 (1-Bed): R4,200 / month
- Tenant 6 (Cottage): R4,500 / month
Key Features & Investment Highlights:
- Fully Tenanted: Generating income immediately with zero initial tenant sourcing required.
- Individual Prepaid Electricity: Each unit is fitted with its own prepaid meter, ensuring hassle-free utility management.
- Separated Water Meters: Individual water metering installed for seamless tenant billing control.
- Massive Development Potential: The large 1,165 m² Erf provides ample open yard space for future expansion, additional units, or further parking developments.
- Ample Parking: Generous on-site yard parking available for all residents.
Prime Location & Amenities
- Positioned strategically in Central Kempton Park Ext 2, this property guarantees high tenant demand due to its proximity to essential amenities and top schools:
- ?Schools: Directly adjacent to Kreft Primary School and Taal-Net Kempton Park Private Combined School.
- ?Shopping & Transport: Walking distance to Erickson Mall, local retail outlets, and main public transport routes.
An ideal addition to any property investor's portfolio! Properties delivering this caliber of yield and location stability don't stay on the market long.
Contact us today to schedule your private viewing!