Excellent Investment Opportunity – 9 Flats Plus Main Residence
An outstanding income-generating property offering nine self-contained flats plus a spacious main residence, situated in a sought-after area where long-term rental accommodation remains in consistently high demand.
The property currently generates approximately R51,485 per month in rental income, with excellent scope to increase this to around R60,000 per month as rentals are brought in line with current market-related rates.
Each of the nine flats has its own private bathroom and kitchen, and the units have been revamped, making them well suited to the established long-term rental market.
The main residence offers two bedrooms, two bathrooms, a mezzanine level, and an open-plan kitchen, dining and living area with an indoor fireplace. While the main house would benefit from some updating, this presents further opportunity to enhance both its rental value and the overall return of the property.
Additional features include a communal laundry area and ample off-street parking for residents.
With an existing rental stream, further income potential and strong demand for long-term accommodation in the area, this is an attractive opportunity for an investor looking to acquire a substantial rental portfolio under one roof.
The property currently generates approximately R51,485 per month in rental income, with excellent scope to increase this to around R60,000 per month as rentals are brought in line with current market-related rates.
Each of the nine flats has its own private bathroom and kitchen, and the units have been revamped, making them well suited to the established long-term rental market.
The main residence offers two bedrooms, two bathrooms, a mezzanine level, and an open-plan kitchen, dining and living area with an indoor fireplace. While the main house would benefit from some updating, this presents further opportunity to enhance both its rental value and the overall return of the property.
Additional features include a communal laundry area and ample off-street parking for residents.
With an existing rental stream, further income potential and strong demand for long-term accommodation in the area, this is an attractive opportunity for an investor looking to acquire a substantial rental portfolio under one roof.
Monthly Rates
R1,909.30
Features
Interior
Exterior
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
