Welcome to this fantastic investment property in the bustling neighborhood of Khayelitsha! Located near a main road and with excellent access to public transport, this property is perfectly situated to take advantage of all the conveniences that the area has to offer.
This property boasts ten rental units, providing an excellent opportunity for a savvy investor to generate passive income. Five of the units are located on the first floor and each comes equipped with its own bathroom and small kitchen. The remaining five units are situated on the ground floor and share a communal bathroom. Each tenant is provided with pre-paid electricity meters, DSTV connection point and a communal laundry drying area.
The property is currently 90% occupied, with a positive cash flow from the transfer of existing tenant leases to the new owner. This makes it an ideal investment opportunity for someone looking for a turnkey property with a steady income stream.
The location of this property is unbeatable, with easy access to schools and a range of convenience facilities, including shops, restaurants, and entertainment options. With its excellent location and steady income stream, this property is a must-see for any investor looking for a great opportunity in Khayelitsha. Don''t miss out on this fantastic investment opportunity.
Viewings will be by appointment only.
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