| Fruitful 10 Room Multilet Property in Malvern |
Calling all investors! This is a rare opportunity to acquire a high-income multi-let property in the established suburb of Malvern, Johannesburg, at an exceptional entry price.
The property currently generates an estimated R16,000 per month in rental income from 10 income-producing units, comprising:
5 separate self-contained units
5 rooms within the main house, all currently being let
Based on the asking price of R799,000, the property offers a potential gross annual rental income of R192,000, translating to an impressive gross rental yield of approximately 24%. Gross rental yield is calculated by dividing the annual rental income by the purchase price before deducting expenses.
While the property is in poor condition and requires maintenance and upgrades, this is reflected in the highly competitive asking price. For the right investor, there is significant opportunity to renovate, improve the accommodation, increase tenant appeal, and potentially grow rental income over time.
Investment Highlights:
Asking Price: R799,000
Current Monthly Income: Approximately R16,000
10 income-producing rental spaces
Approximate Gross Rental Yield: 24%
Excellent value for investors seeking strong cash flow
Opportunity to add value through renovations and improved management
Ideal for experienced buy-to-let investors looking to maximise returns
Please Note: There are no formal lease agreements or rent rolls available. Prospective purchasers are encouraged to conduct their own due diligence regarding occupancy, rental collections, and operating expenses.
Opportunities to secure an income-generating property at this price point with such strong yield potential are becoming increasingly difficult to find. If you're looking for a project with immediate cash-flow potential and substantial upside, this property deserves your attention.
ERF Size 495 m²
Building Size 350m²
Rates R383
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Himeshan Moodley
c. 082 351 7800
himeshan.moodley@rawson.co.za
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