3 Bedroom House in Karenpark

Here is a chance for an investment return on your capital. A property with multiple rental incomes in place and ready to take over.

Located in Karenpark, a well located area you will find this this one in a million property that presents an opportunity for investors seeking both immediate returns and long-term growth. With a well-balanced mix of residential comfort and income-generating infrastructure, this asset is perfectly positioned to deliver consistent performance.

The main house offers three generously sized bedrooms and two bathrooms, ideal for family living or conversion into additional rental units. Its spacious layout and solid construction provide a comfortable home environment while also serving as a potential income stream.

Complementing the main residence are four fully tenanted flats, each contributing to a stable monthly rental income of R29,000. These units are secured under long-term lease agreements, ensuring predictable cash flow and minimal vacancy risk. The flats are well-maintained and popular among tenants, making this a turnkey investment with immediate returns.

Adding further value is a fifth flat, currently in need of refurbishment. This two-bedroom unit holds strong rental potential and, once upgraded, is expected to generate an additional R4,000 per month. With minimal investment, this unit could elevate the total monthly income to R33,000significantly enhancing the property''s yield.

Additional highlights include:

Total of five flats plus a three-bedroom main house

Long-term leases in place for R29,000month

Potential to increase income to R33,000month post-renovation

Located in a high-demand rental area

Ideal for portfolio expansion or first-time investors

Whether you''re looking to expand your portfolio or secure a high-yield property in a thriving location, this opportunity offers the perfect stability, scalability, and strategic value.

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Welcome to Pringle License under , a division of the Pringle Group, where tradition meets innovation in the dynamic world of real estate. Led by esteemed estate agent Tim Botha, Pringle proudly enters a new era of excellence, drawing upon over 8 years of industry expertise through Tim Botha as the principal property practitioner in real estate.

With a legacy of unparalleled service and a commitment to exceeding expectations, Tim Botha and his dedicated team are poised to redefine the standard of excellence in the property market. Our mission is simple: to deliver exceptional service beyond the transaction, catering to your unique needs with professionalism and care.

As we embark on this exciting journey, we invite you to experience the difference that Pringle Properties and Pringle Home Loans our in-house home loan department can make in your real estate endeavors.