Looking for a property that can generate income from day one? This unique investment opportunity in the heart of Nigel Central offers multiple independent dwellings on one stand, making it ideal for investors, extended families, or buyers looking to offset their bond through rental income.
Current income: R1200 x 7 Even just at an increase of R2000 each (the going rate), that increases the current income to R14000, with the massive potential of renting the main home (for R7500) either to a family or perhaps separate rooms.
That could give you a potential income of R21 500 with room for expansion.
Conveniently located within walking distance of schools, shopping centers, and everyday amenities, this versatile property offers excellent potential and flexibility.
Main Residence
The spacious main home offers comfortable family living and features:
3 Well-sized bedrooms
Spacious lounge and dining area
Functional kitchen
Entertainment bar area
Dedicated storage space
Private courtyard
Converted 3-Unit Apartment Building
The original garage structure has been converted into a 3-unit apartment building, creating excellent rental income opportunities.
The units comprise:
Two separate 1-bedroom apartments, each with a lounge, kitchen, and bathroom
One bachelor-style apartment with open-plan living, kitchenette, and bathroom facilities
Additional Double-Storey Rental Building
Adding even more value, the property also boasts a separate double-storey structure currently being utilised as rental accommodation, providing an additional income stream and further enhancing the property's investment appeal.
Why This Property Stands Out
Multiple income-producing dwellings on one stand
Established rental accommodation already in place
Potential to generate several rental incomes simultaneously
Walking distance to schools, shops, and other amenities
Ideal for investors, large families, or buyers seeking a live-and-earn opportunity
Secure parking for multiple vehicles
Situated in an established neighbourhood with ongoing rental demand
Whether you're expanding your property portfolio, looking for a high-yield investment, or searching for a property that can accommodate multiple families while generating income, this exceptional offering delivers outstanding value and versatility.
Properties with this level of income potential are becoming increasingly rare. Don't miss the opportunity to secure a property that offers both immediate returns and long-term growth potential.
Contact me today to arrange your private viewing and discover the full potential of this remarkable investment property.