Loading property...
+5
More Photos
Reliable cash-flow investment in Lombardy East, minutes from Greenstone Mall and N1 — 19 fully tenanted units on a spacious 1,500m² stand offering multiple income streams and growth potential.
Exceptional income-generating investment property situated on a large 1,500m2 stand in the heart of Lombardy East. This fully tenanted multi-unit property has been converted into 19 rental units, offering immediate cash flow and strong monthly returns for investors.
The property currently generates approximately R60,000 rental income per month with operating expenses of around R10,000 per month, making it an attractive addition to any property portfolio.
Property Features:
19 fully occupied rental units
Variety of unit types catering to different tenant needs
Strong rental demand area
Immediate return on investment
Large stand with multiple income streams
Unit Breakdown:
1 x Open-plan bedroom/lounge with separate bathroom and kitchen – R4,700
1 x Open-plan lounge/bedroom with separate kitchen, shower & toilet – R4,500
1 x Bachelor unit – R3,500
Main house unit – R3,800
1 x One-bedroom unit with separate kitchen, lounge, toilet & shower – R5,100
1 x Round room – R2,600
Building 2:
3 x Rooms sharing shower & toilet – R3,600 each
1 x Bachelor unit – R3,600
4 x One-bedroom units – R2,600 each
1 x One-bedroom unit – R3,600
1 x Cottage with 1 bedroom, open-plan lounge, bath & toilet – R4,900
This property is ideal for seasoned investors looking for a well-established rental business with stable tenants and consistent monthly income.
Conveniently located close to major routes, shopping centers, schools, and public transport.
Serious investors only. Excellent opportunity to expand your rental portfolio with a high-yield residential investment property.
PRIME LOCATION
ideally positioned close to major amenities, making it highly attractive to tenants
*Minutes from Greenstone Shopping Centre
*Near Edenvale Hospital
*Close to schools and educational facilities
*Easy access to the N1 Freeway and major transport routes
*Convenient access to shopping, healthcare and public transport
This is a rare opportunity to acquire a high yield residential investment property in a well-connected and high-demand rental area. Ideal for investors looking to grow their property portfolio with a stable, income- producing asset.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R5,900,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 211 listings in Johannesburg (town)
Insight
Priced above the median for similar properties in the area.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Market depth
211 similar listings
High similar-home inventory town-wide (Johannesburg)
Median time on market: 121 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Lombardy East is a quiet, well-established residential suburb in Johannesburg that offers residents a peaceful suburban lifestyle with convenient access to major highways and essential urban amenities.
* Distances and amenities are approximate.
