5 Bed House in Mandalay
Prime Investment Opportunity: 2-Bedroom Home with 3 Income-Generating Flatlets
Sole and Exclusive:
Explore this fantastic property featuring a cozy 2-bedroom, 1-bathroom house alongside three self-contained flatlets, each equipped with its own kitchenette, bathroom, meter box, and geyser. With an impressive income of approximately R 11,000 per month, this property is perfect for investors or families looking to maximize rental income.
Property Highlights:
- Main House: Comfortable living space with two well-sized bedrooms and a modern bathroom.
- Self-Contained Flatlets: Three spacious flatlets, each providing privacy and convenience with their own kitchenettes and bathrooms.
- Strong Rental Income: Flatlets collectively generate about R 11,000 per month, ensuring a great return on investment.
- Individual Meter Boxes and Geysers: Efficient utility management for each flatlet, enhancing tenant satisfaction.
- Ample Parking: Sufficient space for all vehicles, plus additional parking available for visitors.
- Expansion Potential: Room to add more flatlets or further develop the property as desired.
- Borehole Water: Sustainable and cost-effective water source for the entire property.
- Remote-Controlled Gate: Added security and convenience with easy access.
- Carport: Ideal for parking and entertaining guests under a shaded area, perfect for gatherings.
On Show
- Sun 06 Oct 16:00 - 17:00
Property details
- Listing number T4799307
- Property type House
- Erf size 510 m²
- Floor size 92 m²
- Rates and taxes R 427
Property features
- Bedrooms 5
- Bathrooms 4
- Lounges 2
- Open Parkings 7
- Flatlets
- Pet Friendly
- Kitchen
- Garden