5 Bedroom house for sale in Grasslands, Bloemfontein

Your Exclusive Opportunity for Multiple Rental Income!

This property offers an excellent opportunity for buyers looking for a home with additional rental income and strong future potential. Originally a two-bedroom RDP home, the main house has been renovated and upgraded with modern tiles and modern built-in kitchen cupboards, creating a neat and comfortable living space.

The main house features two spacious bedrooms, a bathroom with a toilet, a kitchen area and a comfortable lounge, making it ideal for a small family or as an additional source of rental income.

Adding significant value to the property are three separate one-bedroom rental units, offering the potential to generate multiple rental incomes from one property. Two of these units have recently been completed and feature a modern, contemporary finish, including bright white tiled floors, built-in cupboards and modern kitchen cabinetry. Each unit offers a spacious open-plan kitchen and lounge area, together with a separate bedroom.

Each of the units have its own electricity meter, allowing tenants to manage and pay for their own electricity usage. Water is managed through the property account.

The third one-bedroom unit is already occupied by a tenant and offers an open-plan kitchen and lounge area with a separate bedroom. Although this unit has an older finish compared to the two newly completed units, it provides an existing rental opportunity and could also be modernised in the future. There is an outside toilet available for shared use.

Another major advantage is the additional space available on the property, providing the potential to add further rental units, subject to the necessary approvals. This creates an exciting opportunity for an investor to expand the existing rental setup and potentially increase the property's income-generating capacity.

Location is another key advantage. The property is situated just around the corner from a main road where taxis and buses regularly pass, providing convenient access to public transport and making the rental units particularly appealing to tenants who rely on public transport.

Whether you are looking for a home with additional income, an investment property with multiple rental streams, or an opportunity to expand an existing rental portfolio, this property offers excellent potential. With two modern rental units already completed, an existing third rental unit, a renovated main home and additional space for future development, this is an opportunity worth exploring. Contact me now to make it yours!