5 Bedroom House in Birchleigh

investment opportunity 5 rental units in birchleigh ext 1

Address: 48 Cloete Avenue, Birchleigh Ext 1

A fantastic investment opportunity offering 5 rental units in a well-positioned area of Birchleigh Ext 1.

The property currently generates a combined rental income of approximately R19,240 per month, with the units currently achieving:

- 2 units at R3,500 each

- 2 units at R4,620 each

- 1 unit at R4,000

The current rental rates reflect the impact of the Covid-19 period, with a clear opportunity for future rental growth. The owner intends implementing a 10 rental increase after 12 months, creating potential for improved returns over time.

The units are currently secured with 6-month renewable leases, providing flexibility and protection for the owner while allowing rental agreements to be reviewed regularly.

This property is ideal for an investor looking for an income-generating asset with multiple rental units, existing tenants and future rental growth potential.

Key highlights:

- 5 rental units

- Current rental income: R19,240 per month

- 6-month renewable leases

- Planned 10 rental increase after 12 months

- Multiple income streams from one property

- Ideal for investors seeking rental income and long-term growth

A great opportunity to secure a multi-unit investment in Birchleigh Ext 1 with room to grow the rental income.