8 Bedroom House in Port Elizabeth Outlying

Unlock the Potential of This 8-Unit Investment Property in Zwide!

Calling all property investors, renovators and entrepreneurs looking for an affordable entry into the rental property market!

Situated in a quiet, established neighbourhood in Zwide, Gqeberha, this property offers an opportunity to acquire an existing multi-unit rental property for just R450 000.

The property comprises 8 rental units, consisting of a main house subdivided into two generously sized units and six additional rental flats, all situated within a fully walled and gated yard.

With the buildings already established, an investor has a foundation to work from without having to start a development from scratch.

A Property Ready for Transformation

This is a fixer-upper that requires repairs, renovations and general improvements to bring it to its full income-generating potential.

The ideal buyer is an investor with the financial capacity and vision to invest additional capital into upgrading the existing accommodation, improving tenant appeal and positioning the property for stronger rental returns.

Rather than purchasing a completed investment property at a premium, this opportunity allows an investor to acquire an established rental setup at an accessible price and add value through strategic improvements.

Property Highlights:

8 existing rental units

Main house subdivided into 2 spacious units

6 additional rental flats

Fully walled and gated property

Established buildings and rental accommodation layout

Erf size approximately 281 m²

Located in an established residential neighbourhood

Opportunity to renovate and improve rental income potential

Full-title ownership

Available immediately

The Investment Opportunity

At an asking price of R450 000, this property offers an attractive starting point for an investor prepared to undertake the necessary improvements.

With the right renovation budget, effective property management and appropriate rental pricing, the eight units could provide multiple streams of monthly rental income.

The property is being marketed with full transparency regarding its current condition. Buyers should budget for repairs and improvements and conduct their own due diligence regarding building compliance, renovation costs and achievable rental income.

Bring your vision, invest in the improvements and unlock the potential of this established rental property.