Prime Multi-Unit Investment Property in Karenpark – Proven Income Generator with Expansion Potential

Nestled in the heart of Karenpark, one of the area's most desirable residential pockets, this exceptional property presents a rare opportunity for savvy investors seeking both immediate returns and long-term growth. With a well-balanced mix of residential comfort and income-generating infrastructure, this asset is perfectly positioned to deliver consistent performance.

The main house offers three generously sized bedrooms and two bathrooms, ideal for family living or conversion into additional rental units. Its spacious layout and solid construction provide a comfortable home environment while also serving as a potential income stream.

Complementing the main residence are four fully tenanted flats, each contributing to a stable monthly rental income of R23,000. These units are secured under long-term lease agreements, ensuring predictable cash flow and minimal vacancy risk. The flats are well-maintained and popular among tenants, making this a turnkey investment with immediate returns.

Adding further value is a fifth flat, currently in need of refurbishment. This two-bedroom unit holds strong rental potential and, once upgraded, is expected to generate an additional R6500 per month. With minimal investment, this unit could elevate the total monthly income to R 29 400.00 significantly enhancing the property's yield.

Additional highlights include:
Total of five flats plus a three-bedroom main house
Long-term leases in place for R29400.00 month - Two bedroom log cabin needs new tenant
Potential to increase income to R33,000/month post-renovation
Located in a high-demand rental area
Ideal for portfolio expansion or first-time investors

Whether you're looking to expand your portfolio or secure a high-yield property in a thriving location, this multi-unit gem offers the perfect blend of stability, scalability, and strategic value. Don’t miss out on this rare opportunity to acquire a proven performer in the heart of Karenpark.