Excellent Income-Generating Investment Panmure
R1,300,000
An excellent opportunity for investors looking for strong rental income from multiple units.
The property consists of a 2-bedroom main house with 1 bathroom, kitchen and lounge, plus four separate 1-bedroom flats.
The four flats are currently occupied with formal leases, generating R10,000 per month. The main house is currently vacant and could potentially generate a further R8,000 per month. The Separate Granny flat generates R2,000 per month
That gives the property a potential total rental income of R20,000 per month. Each unit is billed for electricity and water usage.
The flats are separately walled with their own entrance, while the entire property is fully enclosed.
An attractive opportunity for investors looking for multiple rental incomes and strong potential yield.
Contact me today to arrange a viewing.