8 Bedroom House in Sophiatown

7 units. 1 gate. 0 Eskom bills. A yield that will make your bond originator sit up straight. Take yourself completely off the grid !

Welcome to the address in Sophiatown...., a fully tenanted, fully off grid, 7 unit multi let property behind electric fencing and a gate, on a 571m² stand in Sophiatown.

The Numbers

R30,000month gross rental income, already flowing in

18.15 gross yield

13.83 net yield, after gardening, maintenance, water and rates

100 off grid solar, individually prepaid per unit

Why Sophiatown, Why Now

Sophiatown is having a renaissance. It sits near the University of Johannesburg, where roughly 19,000 students are looking for beds that do not yet exist in sufficient numbers. A 4,300 bed institutional development is already under construction down the road. Demand is a headcount, not a hope.

What You Are Actually Buying

7 self contained units a mix of one and two bedroom, fully let

Electric fencing and remote gate

Two solar powered geysers

A resident handyman two doors down who already knows the property

Flexibility to keep the GoSolr rental, buy out the system, or tweak the rent roll

The Fine Print

Priced at R1,983,000, this listing sits above some comparable listings on a price per unit basis, due to the pool, off grid power and security. Buyers should independently verify the municipal account and GoSolr transferability before making an offer.

This is income producing real estate that is already doing the job. The only question is whether it is doing it for you or for someone else.

Enquire now.

Prepared by Althea Maber, eXp Realty South Africa and AI :

8 mins to UJ

12 mins to WITS law school

5 mins to Rahima Moosa hospital

4 mins to Sparrow FET College

and other amazing schools close by