Earn while you live in this freestanding home in a desirable neighbourhood with easy access to amenities; renovated kitchen and two self-contained flatlets provide immediate rental income and flexibility.
This exceptional three-bedroom freestanding house, boasting two income-generating flatlets, presents a prime opportunity for the astute property investor. The main residence is designed for comfortable living and features a spacious open-plan lounge and dining room, a renovated kitchen, and an essential guest toilet. For added convenience and value, the original storeroom has been cleverly converted into a functional fourth bedroom. The main suite offers a full en-suite bathroom, providing a private sanctuary for the owner or primary tenant, while the overall layout ensures appeal and rental potential.
The property's key investment strength lies in its two fully self-contained flatlets. Each flatlet is a substantial unit offering two bedrooms, a full bathroom, a functional kitchen, and an open-plan lounge, ensuring immediate and consistent rental income. With three separate dwelling units on one stand, this property offers diversified rental income streams and high-yield potential. Situated in a desirable area, this listing is an unmissable chance to acquire a high-performance asset designed to maximise your return on investment through immediate and robust rental generation.
This investors dream property is currently generating a rental income of R 16 000 per month, well above the monthly bond repayment amount. It would take an investor about 8 years to pay this house off, using the rent money alone. Don't waste time, contact me immediately so you add another income stream. Your children would thank you for it.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,399,999
Florida is a well-established, centrally located suburb in Roodepoort known for its historic charm, proximity to major transport routes, and the scenic Florida Lake, offering a convenient lifestyle for families and professionals.
* Distances and amenities are approximate.