House for sale at 272 13th Ave
Investment-friendly lifestyle with steady rental income in a convenient neighbourhood — 3-bedroom home plus two income flatlets and a developable 833sqm vacant erf.
House with two income generating flatlets and additional vacant Erf of 833sqm for sale.
Excellent opportunity for investors as the rental yield of the house & flats covers the bond amount.
The property consists of the following:
- 3 Bedroom house
- Two x bachelor flats
- Vacant stand in the ongoing process of being subdivided from the house & flats.
This vacant stand size comes to 833sqm, which may be developed as a second house, or sold separately once subdivision has been completed.
Alternatively the whole property has been zoned to develop & build 14 sectional title units.
The house consists of the following:
- Three bedrooms
- Two bathrooms
- Very spacious living area
- Open plan kitchen
- Small garden
- Monthly rent: R10 000 pm
The flats both consist of the following:
- Spacious bachelor living area / bedroom with built-in cupboards
- Each have a newly renovated kitchen with granite tops
- Both have their own bathroom with shower/toilet/basin
- Flats monthly rent: R5 000 & R4 500 pm each (R9 500 total)
- The flats are situated in a manner that both could also be used as office, or business space if not let out to residential tenants.
Four secure carport parking spaces available.
The vacant stand:
- a Panhandle stand at the back of the house, currently in the process of being subdivided from the main house with flats.
- The vacant stand measures 833sqm, excluding the driveway leading to the stand.
- Excellent opportunity to develop the vacant stand by building a second house.
House & flat is occupied with 3 good tenants with current total monthly rental yield amounting to R19 500 pm.
- House rental income: R10 000 pm
- Flat 1 rental income: R5 000 pm
- Flat 2 rental income: R4 500 pm
Listed for sale at R1,850,000
Rietfontein is a well-established, family-oriented residential suburb in Pretoria that offers residents a peaceful atmosphere, convenient access to essential amenities, and close proximity to the city's major academic and medical hubs.
* Distances and amenities are approximate.