9 Bedroom House in Overport

A Premier Investment: High-Yield Freehold Property with Development Potential

This exceptional freehold property presents a compelling investment opportunity for both seasoned investors and developers, offering strong rental income, reliable returns, and long-term growth potential. The property features five self-contained rental units, each meticulously managed with separate water meters and prepaid electricity, ensuring straightforward operations and a high degree of tenant autonomy. This hassle-free utility setup, combined with a low-maintenance design, makes it an ideal asset for a passive investment portfolio.

Currently, the property generates a total rental income of R 31,500 per month, with tenants responsible for their own utility costs, further enhancing the net return. The unit mix includes two one-bedroom, one-bathroom units two two-bedroom, one-bathroom units and one three-bedroom, one-bathroom unit, catering to a diverse tenant base. Ample on-site parking, including carports and a garage, accommodates over 20 vehicles, a significant advantage in a high-demand rental market.

The property''s location in an area with strong rental demand ensures high occupancy rates and consistent cash flow. With excellent, long-term tenants currently on month-to-month leases, this asset provides immediate, secure income. The large stand size and existing infrastructure also offer developers the potential to explore future expansion or redevelopment opportunities, making this a truly versatile and strategic addition to any portfolio.

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