5 Bed House in Park West
Welcome to this exceptional investment opportunity in the heart of Bloemfontein!
This spacious student accommodation features a main house with 5 well-appointed bedrooms and a shared bathroom, providing comfortable living for students seeking proximity to the University of the Free State (UFS) and the Central University of Technology (CUT).
Additionally, the property boasts three flatlets, comprising two bachelor flats perfect for individual students and a larger 2-bedroom flat with its own bathroom, offering flexible living arrangements to maximize rental potential.
Currently generating a rental income of R35,000, this property represents a lucrative investment, even as a fixer-upper with significant potential for value enhancement. The expansive yard provides ample space for future development, allowing for the construction of additional flatlets to further increase your rental income.
This sole mandate presents a unique chance to invest in a high-demand area with strong rental prospects. Dont miss out on this fantastic opportunity to secure a prime investment property close to UFS and CUT!
Property details
- Listing number T4764388
- Property type House
- Erf size 1 186 m²
- Floor size 150 m²
- Rates and taxes R 1 200
Property features
- Bedrooms 5
- Bathrooms 1
- Lounges 1
- Covered Parkings 2
- Flatlets
- Pet Friendly
- Security Post
- Garden