| Multi-Unit Property with Established Rental Income! |
Investors, take note! This income-generating property offers an exceptional opportunity to secure a well-positioned investment in the popular suburb of Ehrlich Park. Currently generating approximately R18,000 per month in rental income, this property provides an immediate return while offering further potential for growth and development.
Originally a four-bedroom home, the property has been converted into five separate rental units, creating multiple income streams from a single investment.
The property comprises:
• Three bachelor units, each offering an open-plan living and sleeping area with a kitchenette and private bathroom. One unit features a bathtub, while the remaining two are fitted with showers.
• A spacious two-bedroom unit with a comfortable living area and kitchen space, ideal for small families or long-term tenants.
• A one-bedroom unit featuring a generous lounge, kitchen area, bedroom, and private bathroom with a shower.
Outside, the property offers ample yard space with excellent potential for future expansion or additional rental units, subject to the necessary approvals. Three covered carports provide convenient parking for tenants and visitors.
Although the property would benefit from some maintenance and upgrading, it remains a highly attractive investment opportunity with an established rental income and excellent potential to increase returns over time.
Located in an area with consistent demand for rental accommodation, this property offers investors the opportunity to earn from day one while exploring future development possibilities.
Contact me today to arrange a viewing and discover the potential of this income-producing property!
ERF Size 878 m²
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Boitumelo Mothibeli
c. 0679998480
boitumelo.mothibeli@rawson.co.za
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