House with flats for sale - Great return on investment
This well-maintained property offers a fantastic return on investment, with multiple income-generating units and a solid rental track record. Each unit features its own partitioned yard, ensuring privacy and added value for tenants.
Main House: Situated on the left side of the property. 2 Bedrooms, 1 Bathroom. Open-plan living and kitchen area. An adjacent section, currently used as a second living area, is being upgraded with a bathroom and has the potential to be converted into a bachelor flat, ideal for added rental income. Double carport.
Additional Flats (Right Side of the Property):
3-Bedroom Flat: Includes a bathroom (with shower and bath), a kitchen and a very spacious living area.
1-Bedroom Flat: Compact layout with a separate kitchen.
1-Bedroom Flat (rear of the property): Enjoys a spacious yard and ample sunlight.
Large Bachelor Flat: Open and versatile living space.
Carport and ample parking space for each flat.
Key Features: Each unit has its own prepaid electricity meter. The property is neat and well-maintained throughout. Borehole with submersible pump on site. Currently non-operational due to obstruction but could be restored.
Total rental income: Approximately R9.000 per month, with room to grow by optimizing the bachelor unit in the main house.
Whether you're looking to expand your property portfolio or step into a multi-unit income property, this is a must-see opportunity.
Also note that this property can be divided into 2 separate parts and one can be sold separately.
Sign-up and receive Property Email Alerts of Freestandings for sale in Villiers, Frankfort.
Disclaimer: While every effort will be made to ensure that the information contained within the Home and Hectare website is accurate and up to date, Home and Hectare makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
