10 Bedroom House in Penina Park

Investment Opportunity Fully Tenanted Rental Property, Penina Park.

This one''s ready to earn from day one. Located in Penina Park, right next to Church Street and just a short walk from the CBD, shopping centres, and other amenities, it''s a solid pick for anyone looking to grow their property portfolio.

What was originally a 3-bedroom home has been cleverly converted into 10 separate rental units, all currently occupied and generating an impressive R25,000 per month in rental income.

Each unit is designed for convenient, independent living, with its own shower, toilet and basin. Two of the units share a bathroom. Each unit also has its own prepaid electricity meter, allowing tenants to manage and pay for their individual electricity consumption.

Adding further investment potential, the property''s rezoning from Residential 1 to business use is already in the advanced stages, creating exciting opportunities for future use and potentially enhancing the property''s overall value.

Theres also good scope to expand, as the stand is large enough to add more units down the line if you want to push the returns further. And if youre financing rather than buying cash, the rental income goes a long way towards covering the bond.

Whether you''re an experienced investor or just getting into property - a fully tenanted, income-generating asset in a location that works.

Book your viewing today.