R 1 590 000 | 7.0 bed property for sale in hillary

INVESTORS, take a LOOK! Five rental units, level layout, situated in a quiet, family-friendly neighbourhood with convenient access to local shops, public transport and schools. Fully walled and gated, offering ample secure off-road parking for all occupants. The original house has been divided into a 2-bedroom flat and 2 studio flats. The original tandem garage is now a 1-bedroom flat, and the property also features a freestanding cottage with 2 bedrooms. Four of the units are currently tenanted for a total of R18,500. Flat C, which is vacant, was rented out for R6,500 per month. Flat A: A freestanding cottage with 2 bedrooms, an open plan kitchen & lounge, family bathroom, tiled floors, and a small veranda. Currently rented for R6,500 per month. Flat B: The original tandem garage, comprising 1 bedroom, open plan lounge & kitchen, tiled floors, and an ensuite bathroom. Currently rented for R4,500 per month. Flat C: Part of the original house, featuring two bedrooms, a family bathroom, a lounge, and a fitted kitchen. It has Oregon pine floors, a covered patio, and laundry facilities. Previously rented for R6,400 per month. Studio flats A & B: Approximately 25m² each, mirror images of each other. Each includes a small patio, an open-plan lounge, a kitchen, a bedroom, and a bathroom, with Oregon pine floors. Currently rented for R3,800 per month each. All existing tenants are eager to stay on and are currently renting on a month-to-month basis. If you are looking for an income-generating property, this is worth considering; your tenants will provide a steady monthly passive income, and properties in this neighbourhood generally appreciate over time. Don’t delay, make an appointment with us to view this income-earning property today!