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A lucrative investment property with multiple streams of rental income. Potential benefits:
Diversified Rental Income: With the 3 bedroom main house, flatlets, and a shop, you have multiple sources of rental income. This diversification can help mitigate risks associated with vacancies or market fluctuations in one particular type of property.
Fully Equipped Units: All units are well-equipped with modern amenities such as fully fitted kitchens, granite tops, and laminate flooring. This not only attracts tenants but also potentially allows you to command higher rents.
Individual Utilities: Each unit has its own prepaid electricity meter and water meter, ensuring that tenants are responsible for their own utility usage. This reduces the landlord's burden of utility expenses and encourages responsible usage by tenants. The inclusion of individual washing lines, washing troughs, and refuse bins adds convenience for each unit.
Low Maintenance: The property features face brick construction and automated entrance gates, which contribute to easier maintenance and increased security. This can translate to lower ongoing expenses for upkeep and repairs.
Convenient Location: Being situated on a corner ERF and having a shop onsite can attract tenants looking for convenience. The property's location offers easy access to amenities and transportation, making it more appealing to potential tenants.
Stable Income: With an annual income of R384,000, this property has the potential to provide a stable and consistent income stream for the owner. This indicates a promising return on investment, making this property an attractive option for investors looking for steady rental income
Overall, this investment property seems well-equipped to generate steady rental income while requiring relatively low maintenance.
ERF Size 740 m²
Rates R889 per month
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Naseema Ajimudin
c. 083 2529 405
naseema.a@rawson.co.za
Nasrin Moolla
c. 0823341214
nasrin.moolla@rawson.co.za
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