3 Bedroom House in Franklin Roosevelt Park

An income-producing property with potential rental income of R26 460 per month.

This Franklin Roosevelt Park property is already configured as three separate residential units a main house and two cottages making it an attractive option for the investor looking for multiple income streams from a single property.

The main house is currently let at R11 960 per month, the smaller cottage at R7 000, while the larger two-bedroom cottage has rental potential of at least R7 500 per month.

Tenants have prepaid electricity, while water and municipal service charges are apportioned between the units, helping to keep the owners running costs contained.

The kitchens and bathrooms are neat, but older and can benefit from updating, but therein lies the opportunity: earn rental income from day one while improving the property over time and potentially increasing both rentals and capital value.

At the asking price of R2 795 000, the potential annual rental of R317 520 represents a gross yield of approximately 11.36 before expenses.

Also ideal for a buyer wanting to live in one unit while earning income from the other two.

Three units. Multiple income streams. Plenty of potential.