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Effortless passive income in sought-after Johannesburg North — a single house divided into three rented 2-bed units with ample parking, long-term tenants, and proven high-yield returns.
Attention Investors! Secure a specialized, income-producing asset in prime Johannesburg North. This property is a single residential house expertly divided into 3 income-generating homes, optimized for high returns, tenant stability, and low running costs.
The Investment Snapshot:
* Income Powerhouse: ONE HOUSE DIVIDED INTO 3 x 2-Bedroom, 1-Bathroom units, all fully utilized for rental income.
*Massive Annual Income: Generates **R26,000 gross monthly income but can be more.{R312,000}per annum).
*Tenant Stability: All units are currently tenanted, including long-term tenants who have resided there for more than 10 years.
*Modern Amenities & Low Overheads:
*Solar Geysers and a Shared 5kVA Solar Power System significantly cut electricity costs.
* Each unit features a modern kitchen with a 4-plate gas stove and granite tops.
*Prepaid Water Meters for simple utility management and WiFi available throughout.
*High Yield Potential: Priced to deliver a powerful 11,35% Gross Yield} at the asking price of {R2,590,000}.
Why Buy? This is a proven, turn-key investment with secured income streams, exceptional tenant stability, and cost-saving, modern infrastructure.
Call now to secure the prospectus and arrange a private viewing!
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R2,750,000
Price reduced by 1.8% to R2,700,000
Price reduced by 1.9% to R2,650,000
Price reduced by 2.3% to R2,590,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 67 listings in Randburg (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
67 similar listings
High similar-home inventory town-wide (Randburg)
Median time on market: 126 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
Johannesburg North is a tranquil, family-oriented residential suburb that offers a peaceful suburban lifestyle while maintaining convenient access to the major business hubs and commercial centers of Randburg and Fourways.
* Distances and amenities are approximate.
