4 Bedroom House in Montgomery Park

Investment Residential Property : Spacious 4 Bedroom with 3 Income Generating Cottages

This solid well built property offers an excellent investment opportunity with main house and three rental cottages.

This property is ideal for generating consisting income or Buyers looking for Property with extended family living.

Main House Features

- 4 Bedrooms

- 4 Bathrooms

- Fully Functional Kitchen with Gas Oven

- Open airy living spaces with potential for modernization

- Structurally sound building -solid foundation and framework

Cottage Units

- 3 Separate Cottages each currently rented out for steady income

- The Garages have been converted to Cottages.

- Each unit is fitted Gas Geyser supplying hot water for the showers

Additional Details

- The property offers the classic charm with solid construction

- Excellent investment opportunity- Live in the main house and earn an income of - R13 500 pm from the cottages

or rent out the main house as well for R9500 to R14000 pm. If you modernize the main house then you can get upto R14000 pm in rental so the property can generate a total income of it least R23 000 to R25000 pm.

Investment Highlights

- Multiple rental units already Tenanted

- Potential to enhance value with light renovations

- Perfect for Investors or Large Families seeking an extra income

NB

The property is situated next to open ERF that belongs to Council and currently used for Gardening and Parking at no cost to the current Owner.