This fully tenanted, fully furnished 15-unit residential complex is set on a 991m2 freehold erf in a sought-after area, offering strong rental income potential.
Easy access to OR Tambo Airport, R24 Freeway and several shopping centers.
Unit Breakdown:
9 x One-bedroom units @ R6,000 rental income each
6 x Bachelor units @ R5,000 each rental income each
Total Gross Monthly Income: R81,531
Basic Monthly Expenses:
Rates & Taxes+- : R8 144 .33
Other Operating Costs: ±R36,106
Net Monthly Income: ±R45,425
The total floor area of the units is approx. 410m2. Each unit offers a functional layout suited to the rental market. Features include a secure gated entrance, parking bays, communal pool, and entertainment area – enhancing tenant retention and appeal.
An ideal investment for buyers seeking a stable, income-generating asset in a high-demand residential node.
Asking Price: R5,500,000
