7 Bed House in Melville

6 Units | Property Investment | Residential | Tenanted | High Yield Potential

Number of Units

-2x Spacious 2 Bedroom Units

-2x Spacious bachelor units

-1x small bachelor unit

-1x Large open room with bathroom andamp kitchenette (could convert to 2 studios)

Utility Billing

-Water Prepaid

-Electricity Prepaid

Municipal Expenses

-Rates: R1 600

-Sewerage: R1 600

-Refuse Removal: R464

This multi-unit property conveniently sits on the corner of 7th Street and 3rd Avenue, Melville. Its multiple unit nature makes it an ideal property investment as it spreads the risk of the investor amongst multiple units (revenue streams) as opposed to a single unit. That way a single vacancy doesnt mean no income with all holding expenses landing on the investor. The propertys location, being close to UJ, SABC and a cluster of smaller media houses around Auckland Park and Richmond, The ABSA Call Centre, Milpark andamp Helen Joseph hospitals as well as many other institutions, employers and amenities guarantees that your units dont stay vacant too long. The permanent nature of institutions such as The SABC, The University of Johannesburg, hospitals Milpark and Helen Joseph and several others who have invested in massive infrastructure also ensures that there will be a demand for accommodation for decades to come.

5 of the propertys 6 units are tenanted with the 6th unit requiring a bit of work to be done on it. If split into two units the 6th unit can guarantee a further R10 000 in income and potentially more depending on how well the units are done.