3 Bedroom house for sale in Hornlee, Knysna

Investment Opportunity: Multi-Unit Property with Excellent Rental Income

EXCLUSIVELY MARKETED BY RAWSON

This property offers a fantastic investment opportunity for savvy investors or those seeking a reliable stream of additional income.

The property comprises of;

Main House:
A comfortable 3-bedroom, 1-bathroom home with a lounge and kitchen. Currently rented for R6,000 per month.

Spaza Shop: A thriving retail space currently generating R4,400 per month in rental income.

Two 1-Bedroom Flats: Each flat offers a separate entrance and has the potential to generate R1,500 per month in rental income each, totaling R3,000 per month.

Potential Rental Income:
Main House: R6,000
Spaza Shop: R4,400
Two Flats: R3,000
Total Potential Rental Income: R13,400 per month

Key Features:

Strong Rental History: Demonstrated consistent rental income across all units.
High-Demand Location: Situated in Hornlee East] with high demand for rental properties.
Multiple Income Streams: Provides diversified income with the main house, shop, and separate flats.
Investment Potential: Offers significant potential for rental income growth and capital appreciation.
This property presents a unique opportunity to acquire a well-maintained, income-generating asset with excellent potential for long-term returns.

TLC Required - The property needs attention and maintenance but has huge potential.

Don't miss out on this opportunity.