Multi tenanted house and flatlets great investment opportunity
ZAR 1,650,000
Web reference: 112802705
10
6
Floor Size: 200m2

Fantastic Investment Opportunity in Troyville, Johannesburg - Ideal for Multi-Tenant Living!

Discover a hidden gem in Troyville, Johannesburg, just 5 minutes away from the bustling CBD. This property presents an exceptional investment opportunity for those looking to enter the real estate market. Although it requires a little tender loving care (TLC), the potential and benefits are truly remarkable. Offering six units split for multi-tenant use, this property is an excellent choice for both investors and future homeowners.

Unit Details:

Four Spacious 2-Bedroom Apartments: These generously sized apartments feature two bedrooms, a well-equipped kitchen, a convenient bathroom, and a separate toilet. With a little renovation work, these units can be transformed into modern living spaces, providing comfortable accommodation for small families, professionals, or couples.

Two Cozy 1-Bedroom Units: These charming units are designed with simplicity in mind, offering a bedroom with an ensuite shower and toilet. Perfect for individuals or couples seeking a cozy living space, these units can be enhanced to match their full potential.

Property Features:

Prepaid Electricity: Each unit has its own prepaid electricity meter, allowing tenants to manage and control their energy usage efficiently. This ensures convenience and cost savings for all occupants.

Metered Water: With water consumption being metered, tenants can enjoy fair and accurate billing, promoting responsible water usage and cost efficiency.

Fully Occupied: Take advantage of the property's fully occupied status, providing immediate rental income from day one. This demonstrates the attractiveness and demand for housing in the area, making it a smart investment choice.

Financial Overview:

Income Rental: This property generates a consistent monthly rental income of R21,650.00, ensuring a steady cash flow for the owner.

Prepaid Electricity Rebate: Additionally, there is a prepaid electricity rebate of approximately R6,000.00 per month, effectively reducing operational costs and increasing overall profitability.

Total Monthly Income: Combining the rental income and the electricity rebate, this property boasts an impressive total monthly income of R27,650.00.

Seize the opportunity to own a multi-tenant property in Troyville, Johannesburg, and unlock its full potential. With its strategic location, steady rental income, and fully occupied units, this property offers a promising investment venture. Whether you are an experienced investor or a homeowner looking for an income-generating property, don't hesitate to contact us today for further details and to arrange a viewing. Act now to secure your place in the thriving real estate market!

*Disclaimer: The property requires some TLC, and all financial figures mentioned are approximate and subject to change.

Property Details
OverviewRoomsStreet View
Type of PropertyHouse
PriceZAR 1,650,000
Mandate TypeSale
Erf Size432m2
Floor Size200m2
LeviesZAR 1
Special LevyZAR 1
Rates and TaxesZAR 1,000
Pets AllowedNo
SecuritySecurity Gate, Perimeter Wall