Income-Generating Multi-Let Investment | Asking R1,600,000
An excellent opportunity for investors seeking a well-established income-producing asset. This 14-room communal living property currently generates approximately R27,500 per month in gross rental income, with relatively low operating costs, offering an attractive investment proposition. The property comprises 14 individually let rooms, each fitted with its own prepaid electricity meter for simplified utility management. Well suited to the existing communal rental model, it also presents potential for a student accommodation conversion, subject to the necessary approvals.
Ideally positioned in Hurst hill, the property is within close proximity to the University of Johannesburg, the University of the Witwatersrand and Ann Latsky Nursing College, with convenient access to public transport routes and local amenities. The area continues to experience consistent rental demand due to its strong student and working-professional population. A practical investment with an established income stream and scope to enhance future returns. Call now to arrange your viewing.