36 Bedroom House in Modder East

Investment Opportunity: 14-Unit Multi-Let with High Yield Potential

Location: Modder East, Springs

Unlock the potential of this high-density residential portfolio located in the established suburb of Modder East.

This property offers a robust footprint for investors looking to scale their rental portfolio or undertake a high-reward value-add project.

Property Overview: Currently operating as a multi-let facility, this property caters to the high-demand low-income housing market. With a diverse unit mix, it provides flexibility for various tenant profiles.

Total Units: 14 ApartmentsUnit Mix: Ranging from compact 1-bedroom units to spacious 4-bedroom family units.

Parking: Ample on-site parking capacity, a rare and valuable asset for high-density living.

Condition: The building requires some TLC and cosmetic upgrades, offering a blank canvas for an investor to add immediate equity.

Financial Breakdown

The property is already a proven income generator with significant meat on the bone for rental growth.

Metric Current Status

Monthly Rental Income R36,000

Annual Gross Income R432,000

Occupancy Established

Investment Highlights

Immediate Cash Flow: Start collecting R36,000 from day one.

Value-Add Play: By modernizing the units and improving the building''s aesthetic, there is a clear path to increasing the monthly yield by nearly 40.

Strategic Location: Situated in Modder East, providing easy access to local industry, transport links, and essential amenities, ensuring a low vacancy rate.

Scalability: The variety in unit sizes 14 bedrooms hedges your risk across different tenant segments.

Investors Note: This is an ideal play for a seasoned renovator or a yield-focused investor looking to capitalize on the growing demand for affordable, well-managed housing in the East Rand.

Don''t miss out on this high-yield diamond in the rough. Contact us today to arrange a viewing.