This solid investment opportunity offers a total of 7 income-generating units, all on approved plans, with prepaid electricity meters and ample parking space.
Property Features:
Main House
3 Bedrooms
1 Full Bathroom (bath, shower & basin)
Currently sub-divided into 4 rooms, each renting at R2,000 per month = R8,000 total
6 x One-Bedroom Units
Each unit includes: Lounge, kitchen space & bathroom
Rental income: R3,500 per unit = R21,000 total
Monthly Rental Income: R29,000
Rates & Taxes: R885 per month
All units equipped with prepaid electricity meters
Lots of secure parking space
Strong rental demand in the area
This property is a perfect cash-flow investment, offering excellent returns with a strong monthly rental income stream.