Marketed by 3K Properties...
Discover a lucrative investment opportunity with this free-standing house in the sought-after suburb of Southridge, thoughtfully sub-divided into five self-contained units. This versatile property offers both immediate rental income and potential for further customization, making it an ideal choice for savvy investors or an extended family seeking a spacious home.
Property Highlights:
• Unit 1: A duplex featuring a lounge on the ground floor and a staircase leading to the upper level with 3 bedrooms, 2 bathrooms, and an open-plan kitchen and dining area. The main bedroom opens onto a balcony, adding a touch of luxury.
• Unit 2: Ground floor unit offering 2 bedrooms, a lounge, kitchen, 1 shower, and 2 toilets. Equipped with pre-paid lights and water.
• Unit 3: Compact and cozy, featuring 1 bedroom, a shower, lounge, and kitchen. Equipped with pre-paid lights and water.
• Unit 4: Similar to Unit 3, offering 1 bedroom, lounge, kitchen, and shower. Equipped with pre-paid lights and water.
• Unit 5: Currently occupied by the gardener, this unit offers 1 bedroom, lounge, kitchen, and shower.
The property boasts ample yard space for parking, is fully walled and gated, ensuring security and privacy for tenants. The exterior of the property has been recently painted, giving it a fresh and well-maintained appearance, while the interior of the units requires some TLC, including painting, tiling, and minor repairs, offering an opportunity to add value. The property is structurally strong and boasts a selection of fruit trees at the back, adding a touch of greenery and charm.
Why Invest?
With four out of five units already tenanted and generating consistent rental income of R17,050 per month, this property is perfectly positioned for a high return on investment. Whether you’re looking to expand your portfolio or accommodate a large family, this property offers flexibility and value.
Don’t miss this rare opportunity to own a versatile and income-generating property in Southridge. Contact us today to schedule a viewing!
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