Property description

Well-Maintained 4-Unit Block of Flats in Turffontein – Perfect Investment Opportunity

Why to buy ?

• 4 units.
• Each unit equipped with spacious lounge, bedrooms with built in cupboards, large kitchen and bathroom.
• Prepaid electricity.
• 5 private garages.
• Close to all amenities and public transport.

Nestled in the heart of Turffontein, this meticulously maintained 4-unit block of flats is the ideal property for investors looking for a solid income-generating asset. The building is in pristine condition, showcasing consistent care and upkeep. With spacious units, private garages, and individual access points, it offers both comfort and convenience for tenants.

Property Overview:

-Top Floor:

  - Two generously sized units, each with 2 spacious bedrooms, a large lounge, a well-sized kitchen, and a bathroom.

- Bottom Floor:

  - Two additional units: One features 2 spacious bedrooms, a large lounge, a well-appointed kitchen, and a bathroom, while the other offers a spacious single bedroom, a large lounge, a kitchen, and a bathroom.

Each unit is equipped with prepaid electricity meters, giving tenants control over their consumption. The property also boasts 5 private garages —one unit enjoys the luxury of a double garage, while the remaining three units each have their own single garage. With such ample parking, the property offers great convenience and security for tenants.

Income Potential:

- The current monthly rental income is R17,000.

- There is significant room to increase this amount, particularly if the garages are converted into additional rental rooms, enhancing the property’s earning potential.

This block is ideally suited for an investor looking to start or expand their portfolio with minimal maintenance concerns, thanks to the building’s superb condition. With its central location, ample parking, and the opportunity for increased rental income, this property represents an excellent investment opportunity in Turffontein.

Don’t miss out on this fantastic opportunity to secure a well-maintained, income-generating property. Contact us today for more details or to schedule a viewing!