House for sale
Enjoy immediate cash flow (R24,000/month) from long-term tenants in a convenient, well-established neighbourhood; six rental rooms on a generous 746 m² plot with renovation potential.
INCOME-GENERATING INVESTMENT PROPERTY | 6 RENTAL ROOMS | R24,000 MONTHLY INCOME
An excellent investment opportunity for investors looking to secure a rental property with established tenants and consistent monthly income.
The property comprises 6 rental rooms and currently generates approximately R24,000 per month in rental income, offering an attractive opportunity for an investor seeking immediate cash flow.
One of the property`s key advantages is its established tenant base, with tenants having resided at the property for between 5 and 20 years. This reflects long-standing occupancy and provides an existing rental income stream for the new owner.
While the property would benefit from some renovation and improvement work, this presents an opportunity for the astute investor to add value, improve the overall condition and potentially increase future rental returns.
Investment Highlights:
- Asking price: R999,000
- Six rental rooms
- Current rental income: R24,000 per month
- Annual rental income: R288,000
- Established, long-term tenants
- Opportunity to renovate and add value
- Immediate income-generating potential
A worthwhile opportunity for investors looking to acquire an established rental property, generate income from day one and unlock additional value through strategic improvements.
INCOME-GENERATING INVESTMENT PROPERTY | 6 RENTAL ROOMS | R24,000 MONTHLY INCOME
Asking Price: R999,000
An excellent investment opportunity for investors looking to secure a rental property with established tenants and consistent monthly income.
The property comprises 6 rental rooms and currently generates approximately R24,000 per month in rental income, offering an attractive opportunity for an investor seeking immediate cash flow.
One of the property`s key advantages is its established tenant base, with tenants having resided at the property for between 5 and 20 years. This reflects long-standing occupancy and provides an existing rental income stream for the new owner.
While the property would benefit from some renovation and improvement work, this presents an opportunity for the astute investor to add value, improve the overall condition and potentially increase future rental returns.
Investment Highlights:
- Asking price: R999,000
- Six rental rooms
- Current rental income: R24,000 per month
- Annual rental income: R288,000
- Established, long-term tenants
- Opportunity to renovate and add value
- Immediate income-generating potential
A worthwhile opportunity for investors looking to acquire an established rental property, generate income from day one and unlock additional value through strategic improvements.
Disclaimer: Some images may have been edited for illustrative purposes. Viewings must be arranged in advance, as the property is multi-tenanted and access to all units cannot be guaranteed.
Listed for sale at R999,000
How does this home’s price compare with similar properties?
Insight
Priced 36% below the local median - and below the typical range across Springs.
Compared with 13 5+ bed active listings across Springs.
It's priced below similar homes, which may reflect condition, position or finishes. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages - check with the agent for local guidance.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Geduld is an established and affordable residential suburb in Springs offering families convenient access to local schools, essential amenities, and a strong sense of community heritage.
