8 Bedroom House in Northdale

High-Yield Multi-Unit Investment

Unlock immediate cash flow with this high-density residential portfolio in Northdale. Perfectly positioned on a spacious corner plot, this property offers dual-access convenience and is situated in a high-demand rental pocket. Located less than 1km from Debi Place and seconds from the Bombay Road taxi routes, this is a prime location for tenants prioritizing proximity to schools, sporting grounds, and the CBD.

The Portfolio Breakdown

The property consists of 5 self-contained units, currently generating a proximity Monthly Income of R20,700:

Unit 1: 2 Bedrooms, Lounge, 2 Bathrooms

Unit 2: 2 Bedrooms, Lounge, Kitchen, 1 Bathroom

Unit 3: 1 Bedroom, Lounge, Kitchen, Bathroom

Unit 4: 2 Bedrooms, Kitchen, Bathroom

Unit 5: 1 Bedroom, Kitchen, Bathroom

Financial Highlights

Gross Income: R20,700 pm

Operating Expenses: R3,200 pm Includes water, rates, and services

Current Net Profit proximity: R17,500 pm

Utilities: All units fitted with Prepaid Electricity Water included in rental.

Value-Add Opportunity

While currently profitable, these units require some TLC. This presents a massive opportunity for the savvy investor to renovate, modernize, and significantly increase the rental yield beyond the current R20k mark.

VIEWING REQUIREMENTS:

To ensure a professional transaction, physical viewings will be strictly reserved for qualified buyers. Please provide pre-approval documentation or bank-guaranteed verification of funds upon enquiry.

Dont miss out on this set-and-forget income generator. Make the call.....