R 1 690 000 | 3 bed property for sale in karenpark

An exceptional investment opportunity in the heart of Karenpark offering immediate rental income and outstanding future growth potential. Situated in a highly sought-after residential area, this income-generating property is ideal for investors looking to expand their portfolio with a reliable and profitable asset. The property currently generates a rental income of over R29,000 per month, with the potential to increase returns to approximately R33,000 per month. Separate prepaid meters are already installed, making management convenient and cost-effective for both owner and tenants. The main house offers 3 spacious bedrooms, 2 bathrooms, and a generous layout perfectly suited for family living or additional rental possibilities. Adding to the value are 4 fully tenanted flats with long-term lease agreements already in place, ensuring stable and consistent monthly income from day one. The units are well-maintained and designed for comfortable tenant living. An additional 2-bedroom flat presents even more opportunity, requiring only renovation to unlock additional rental income and maximize the property’s earning potential. Whether you are a seasoned investor or entering the property market for the first time, this property delivers immediate cash flow, strong rental demand, and excellent expansion opportunities in a prime location. A rare opportunity not to be missed! 5 Flatlets