R 1 490 000
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5 Bed House in Mandalay

5 4 7 510 m² 92 m²

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
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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

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