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Description

This exceptional investment property in Eldorado Park offers a unique opportunity for both residential living and income generation. Featuring a main house and two income-producing flatlets, this property is well-suited for investors looking to maximize returns.
*Main House:*
– Comprising 2 spacious bedrooms and a full bathroom, the main house provides ample space for comfortable living.
– The beautifully renovated kitchen boasts plenty of cupboard space and a built-in stove, making it a delight for any home chef.
– Additional living areas include a dining room and a sunken lounge, perfect for relaxation and entertaining.

*Flatlet 1:*
– This flatlet features a spacious bedroom, a well-equipped kitchen, and a full bathroom.
– Currently tenanted, it generates a monthly income of R3100, making it a reliable source of revenue.
*Flatlet 2:*
– An open-plan bachelor-style unit, this flatlet includes a kitchen with a sink and cupboards, along with a 3-piece bathroom that features a shower, toilet, and basin.
– It offers a monthly income of R2800 and is also currently tenanted.
*Investment Highlights:*
– Total income from the two flatlets is R5900 per month.
– Each unit has its own entrance, ensuring privacy and convenience.
– Security is prioritized with security doors and burglar bars on all windows.
– The main house can be rented out for an additional R6500 per month, enhancing the investment potential.

– The flatlets can be utilized for various business purposes, including a spaza shop, hairdressing space, creche, doctor’s rooms, or office space.
This property not only provides a comfortable living space but also offers significant income potential, making it a smart investment opportunity in a growing community.

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Details

Updated on February 21, 2025 at 10:18 am

  • Reference #: 1371589
  • Price: R735,000
  • Suburb / Town: Soweto
  • Property Type: House
  • Bedrooms: 4
  • Bathrooms: 3
  • Living Areas: 2
  • Stand Size: 290.0 ㎡

Key Property Features

  • Pets Allowed
  • Separate Flatlet

Additional Features

  • Secure Parking:3
  • Garden:1

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