Multi-dwelling 5 bedroom investment property in Westdene
Offers from R1.1 million will be considered.
This investment property presents an outstanding opportunity for discerning investors seeking a multi-dwelling asset in a high-demand rental area. Comprising three separate units with a total of five bedrooms, the property is ideally positioned in close proximity to leading educational institutions, ensuring consistent rental demand.
The main residence offers a well-proportioned two-bedroom layout, complete with built-in wardrobes, a full bathroom with bath and shower, and spacious open-plan living and dining areas flowing seamlessly into the kitchen. Wooden flooring enhances the home’s character, while two covered carports provide secure parking.
Flatlet 1 features an open-plan kitchen and lounge, two bedrooms, and an ensuite bathroom with bath. Tiled flooring throughout ensures a durable and low-maintenance interior, appealing to both students and long-term tenants.
Flat 2 comprises a kitchen, single bedroom, and ensuite bathroom, also with tiled flooring. Compact yet functional, it offers a practical living solution for an individual tenant.
The property is fully fenced, includes a low-maintenance garden, and is equipped with prepaid electricity , allowing for efficient utility management and simplified tenant administration.
With its flexible configuration, multiple income streams, and prime location, this property represents an excellent opportunity to secure a reliable rental investment in a sought-after area. The rental income of the property achieved was up to R19 000 a month.
Rates and Taxes R1 240
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Tenure
Freehold
