rental investment Property in Lombardy East for
Property Description
**Exceptional Investment Opportunity: Multi-Unit Property with High Rental Income Potential**
Discover an incredible investment opportunity with this multi-unit property, perfectly positioned on a large stand adorned with mature fig and apricot trees. Situated in a convenient location close to public transport and all essential amenities, this property offers a diverse range of rental options, ensuring a steady income stream for the savvy investor.
**Property Overview:**
– **Bachelor Apartments:** There are two bachelor units available, each renting for R2,200. These compact living spaces are ideal for singles or young professionals seeking affordable accommodation.
– **Cottage Units:**
– A charming one-bedroom cottage with an adjoining study is available for R4,500. This unit is perfect for those needing a bit more space for work or leisure.
– Two-bedroom cottages are available for R5,000 each, offering ample room for small families or couples.
– A one-bedroom open-plan cottage, featuring a lounge and bathroom, is available for R4,200.
– An additional one-bedroom cottage is available at an affordable rate of R2,300.
– **Main House Rentals:** The main house consists of five spacious bedrooms, each renting for R1,700. This shared living arrangement is well-suited for students or individuals looking to enjoy communal living.
**Additional Features:**
– **Potential for Expansion:** The property includes a double garage that can be converted into one or two additional units, increasing the rental capacity and further enhancing revenue potential.
– **High Rental Yield:** Currently, the owner collects over R25,000 in rental income monthly, with the potential for even more once further improvements are made.
**Property Condition:**
While the property does require some tender loving care (TLC), its current rental yield and potential for growth make it an attractive option for investors willing to enhance its value.
**Safety and Security:**
The property is safe and secured, providing peace of mind for tenants and owners alike.
This property represents a rare opportunity to invest in a versatile rental portfolio with significant income potential. Don’t miss out on this chance to secure a valuable asset in a sought-after location. Contact us today to arrange a viewing and explore the possibilities this property has to offer.