8 Bedroom House in Forest Hill

8-Unit Investment Property in Forest Hill &ndash R750,000

An excellent opportunity for investors looking for a high-yield multi-unit property in Johannesburg South.

Situated at 6 Corner Street, Forest Hill, this full-title property has been configured into 8 rental units and forms part of a larger income-producing investment opportunity. The property stands on approximately 495 m² with an estimated building size of around 200 m².

Important Investment Information

This property is being sold together with the adjoiningsemi-detached property, which consists of a further 6 rental units.

Property 1 &ndash This Listing

-8 rental units

-Asking Price: R750,000

Property 2 &ndash Adjoining Property

-6 rental units

-Asking Price: R750,000

Combined Investment

-14 rental units

-Combined Purchase Price: R1,500,000

-Current Combined Rental Income: R24,900 per month

-Annual Rental Income: R298,800

-Approximate Gross Rental Yield: 19.9 per annum

The two properties provide an investor with the opportunity to acquire 14 income-producing units in one transaction, creating immediate rental cash flow with further potential to improve returns through rental optimisation and property improvements.

The property is conveniently positioned close to schools, shopping facilities and everyday amenities, including SPARK Turffontein, Park Junior and Senior Schools, Bellavista Centre and Southdale Shopping Centre.

Asking Price: R750,000

Please note: This property is being marketed separately for listing purposes but is to be sold together with the adjoining property at R750,000, bringing the total acquisition price to R1,500,000.

Serious investors are invited to enquire for the full rental breakdown, viewing arrangements and additional information.

This is actually a very strong investor advert because R24,900 × 12 R298,800 per year, which gives you roughly a 19.92 gross yield on the R1.5 million combined purchase price before expenses.