Welcome to a remarkable multi-tenant property in Yeoville, Johannesburg, offering incredible potential for investors and homeowners seeking a lucrative venture. This house, although requiring some work, has been divided into two semi-detached homes, creating a total of eight units. With its diverse range of units and convenient location, this property presents an excellent opportunity to capitalize on the thriving real estate market.
Four Spacious 2-Bedroom Apartments: These well-designed apartments feature two bedrooms, a kitchen, a separate toilet, and a bathroom. With a little renovation work, these units can be transformed into modern and comfortable living spaces, ideal for professionals, couples, or small families.
Two Cozy 1-Bedroom Units: These units offer a bedroom with an ensuite shower and toilet, providing privacy and convenience for individuals or couples.
Two Charming Bachelor Units: These self-contained units come with a kitchenette, shower, and toilet, catering to the needs of students, young professionals, or those seeking a compact living space.
Prepaid Electricity: Each unit has its own prepaid electricity meter, granting tenants control over their energy consumption and simplifying billing processes.
Metered Water: Water consumption is metered, ensuring fair allocation and efficient water billing for both tenants and the property owner.
Fully Occupied: Take advantage of the property's full occupancy, guaranteeing immediate rental income. The demand for housing in Yeoville ensures a consistent stream of potential tenants.
Income Rental: This property generates a monthly rental income of R27,700, providing a steady and reliable cash flow for the owner.
Prepaid Electricity Rebate: Additionally, there is a prepaid electricity rebate of approximately R6,000 per month, reducing operational costs and enhancing overall profitability.
Total Monthly Income: Combining the rental income and the electricity rebate, this property yields a remarkable total monthly income of R33,700.
Don't miss out on this incredible investment opportunity in Yeoville, Johannesburg. With its convenient location, fully occupied units, and promising financial returns, this property offers immense potential. Whether you are an experienced investor or a homeowner looking for additional income, contact us today to arrange a viewing and secure your future in real estate!
*Disclaimer: The property requires some work, and all financial figures mentioned are approximate and subject to change.