Investment Opportunity: Lucrative Multi-Unit Property with Established Rental Income
Current owner collect more than R34 000 intental income per month
Discover a prime investment opportunity with this impressive property, fully leased and generating significant rental income. This versatile estate offers a blend of residential accommodations, making it an ideal choice for investors seeking a reliable income stream.
The main house features five generously sized bedrooms, all currently rented out. Each bedroom within the main house commands a rental income of R2000 per month, except for one at R1800 per month. These well-maintained living spaces provide comfort and privacy, making them highly desirable for tenants.
Complementing the main house are two charming cottages. The first is a spacious 2-bedroom cottage, complete with a kitchen, dining area, and bathroom, renting out at R5000 per month. The second is a cozy 1-bedroom cottage with its own kitchen and bathroom, generating R3000 per month in rental income. These cottages add versatility to the property, appealing to small families or individuals seeking a private living space.
Additionally, the property includes seven 1-bedroom flatlets, each with access to shared external facilities including an outside toilet and shower. The flatlets are currently leased as follows: four rooms at R1600 per month, one room at R1200 per month, another at R1000 per month, and the final room at R1400 per month. These affordable options attract a steady stream of tenants, ensuring consistent occupancy.
This property presents an exceptional opportunity for investors looking to capitalize on a well-established rental market. With a diverse range of accommodations and robust rental income from multiple units, this investment promises both stability and growth potential. Don't miss your chance to own a property that offers immediate returns and long-term benefits. Contact us today to arrange a viewing and secure this outstanding investment.