12 Bed House in Fauna Park

This exceptional multi-unit property offers a unique opportunity for investors seeking a steady rental income stream. Located in a desirable and high-demand area, this property features 6 well-maintained rental units, each designed for comfort and convenience. Ideal for long-term rental, short-term leasing, or a mix of both, this property ensures a reliable income with potential for growth.

Zoning: Residential 2 (Res 2)

Features:

Borehole: Provides a reliable alternative water source, ensuring sustainability and cost savings.

Remote Access Gate: Enhances security and convenience for tenants, allowing controlled access to the property.

Rental Income: The property consists of six rental units, each with different configurations and rental rates:

2 x 1-Bedroom Units: Each renting for R 3 500.00 per month, generating a total monthly income of R 7 000.00.

2 x 2-Bedroom Units: Each renting for R 5 500.00 per month, generating a total monthly income of R 11 000.00.

2 x 3-Bedroom Units: Each renting for R 7 500.00 per month, generating a total monthly income of R 15 000.00.

Total potential rental income per month: R 33 000.00

Amenities

Gas Geysers: Four of the units are equipped with gas geysers, providing an energy-efficient solution for hot water.

Gas Stoves: All units feature gas stoves, offering tenants a cost-effective and reliable cooking option.

1 x Solar Geyser

Unit Breakdown

Unit 1:

Bedroom: 1

Lounge: 1

Kitchen: 1

Bathroom: 1

Monthly Rent: R 3 500.00

This unit is ideal for singles or couples looking for a compact and affordable living space.

Unit 2:

Bedroom: 1

Lounge: 1

Kitchen: 1

Bathroom: 1

Monthly Rent: R 3 500.00

Similar to Unit 1, this unit caters to singles or couples, offering a cozy and functional living environment.

Unit 3:

Bedrooms: 2

Lounge: 1

Kitchen: 1

Bathroom: 1

Monthly Rent: R 5 500.00

Perfect for small families or roommates, this unit provides additional space and comfort.

Unit 4:

Bedrooms: 2

Lounge: 1

Kitchen: 1

Bathroom: 1

Monthly Rent: R 5 500.00

This unit is similar to Unit 3, offering ample space for families or shared living arrangements.

Unit 5:

Bedrooms: 3

Lounge: 1

Kitchen: 1

Bathroom: 1

Courtyard: Yes

Monthly Rent: R 7 500.00

Ideal for larger families, this unit includes a courtyard, providing additional outdoor space for relaxation or activities.

Unit 6:

Bedrooms: 3

Lounge: 1

Kitchen: 1

Bathroom: 1

Courtyard: Yes

Monthly Rent: R 7 500.00

Similar to Unit 5, this unit is designed for families needing more living space and an outdoor area.

Investment Summary

This property offers a blend of one, two, and three-bedroom units, catering to a diverse tenant base. The inclusion of gas appliances and a borehole adds significant value and appeal, ensuring lower utility costs and sustainability. With a total potential monthly rental income of R 33 000.00, this property represents a sound investment opportunity in a desirable residential area.