R 1 800 000
CT Properties
Property description
Exceptional Investment Opportunity. This well-developed income-generating property has been thoughtfully converted to accommodate multiple tenants, making it an excellent investment for buyers seeking immediate rental returns. The main house offers 7 spacious rental bedrooms, each generating R2,500 per month. Tenants share a fully equipped kitchen, while the home features 2 communal bathrooms: - Bathroom 1: Bath, shower, toilet, and basin. - Bathroom 2: Shower, toilet, and basin. Outside, there are 3 additional rental rooms, each generating R2,000 per month. These rooms share a communal bathroom fitted with a shower, toilet, and basin. The property also offers parking for up to 4 vehicles, providing convenience for tenants. Adding even more value, the property includes a fully operational grocery/takeaway (spaza) shop with its own storeroom. The commercial space generates R11,000 per month in rental income. Rental Income Breakdown: - 7 Bedrooms @ R2,500 each = R17,500 - 3 Outside Rooms @ R2,000 each = R6,000 - Spaza Shop = R11,000 Total Monthly Rental Income: R34,500 Whether you're an experienced investor or looking to expand your property portfolio, this is a fantastic opportunity to acquire a property with an established rental income stream and excellent return potential.
Property details
Property type
HOUSE
Status
ACTIVE
Erf size
561 m2
Floor size
200 m2
Rates and taxes
R 2 000
Levy
-
Zoning
-
CT Properties
This listing is published through Realo by CT Properties. Send an enquiry below and it will route to the listing agent inside the agency CRM.
Cindy Thompson
Master Practitioner in Real Estate (MPRE)