R 2 865 000 | 12 bed property for sale in parkgate

This well-located 7-unit residential property offers strong, steady rental income and is situated close to major amenities, making it highly attractive to tenants and investors alike. All 7 units are fully tenanted, providing immediate return on investment. Unit Breakdown • Unit 1: 3 Bedrooms (main with dressing room & en-suite), kitchen, lounge, dining room, bathroom, and 3 balconies • Unit 2: 1 Bedroom, kitchen, lounge, bathroom • Unit 3: 2 Bedrooms, lounge, kitchen, bathroom • Unit 4: 1 Bedroom, kitchen, bathroom • Unit 5: 1 Bedroom, kitchen, bathroom • Unit 6: 2 Bedrooms, lounge, kitchen, bathroom • Unit 7: 2 Bedrooms, lounge, kitchen, bathroom Additional Features • Double garage • Secure parking Financials • Current Rental Income: R37 000 per month • Net Profit: ± R32 877 per month • Value-Add Opportunity: Unit 8 is incomplete and has potential to generate an additional ± R4 500 rental income per month This is a rare opportunity to secure a high-yield multi-unit property with immediate income and future growth potential. This well-positioned multi-unit property presents a fantastic investment opportunity for buyers looking to secure steady, reliable rental income in a safe and well-established residential area. Perfectly located, the property is close to schools, shops, and essential amenities, making it highly attractive for long-term tenants. It is also conveniently situated not far from Cornubia Mall, giving residents easy access to retail, dining, and everyday conveniences. If you’re looking for a high-yield investment in a sought-after area with room for further income growth, this is an opportunity not to be missed.