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R3,000,000 ZAR
Polokwane, Limpopo Province
South Africa
South Africa
12 bedrooms
6 baths
Residential For Sale, House
Land size: 13,466 sqft ::
1,251 m2
Sale price per sqm: 0
Remarks:
This exceptional multi-unit property offers a unique opportunity for investors seeking a steady rental income stream. Located in a desirable and high-demand area, this property features 6 well-maintained rental units, each designed for comfort and convenience. Ideal for long-term rental, short-term leasing, or a mix of both, this property ensures a reliable income with potential for growth.
Zoning: Residential 2 (Res 2)
Features:
• Borehole: Provides a reliable alternative water source, ensuring sustainability and cost savings.
• Remote Access Gate: Enhances security and convenience for tenants, allowing controlled access to the property.
Rental Income: The property consists of six rental units, each with different configurations and rental rates:
• 2 x 1-Bedroom Units: Each renting for R 3 500.00 per month, generating a total monthly income of R 7 000.00.
• 2 x 2-Bedroom Units: Each renting for R 5 500.00 per month, generating a total monthly income of R 11 000.00.
• 2 x 3-Bedroom Units: Each renting for R 7 500.00 per month, generating a total monthly income of R 15 000.00.
Total potential rental income per month: R 33 000.00
Amenities
• Gas Geysers: Four of the units are equipped with gas geysers, providing an energy-efficient solution for hot water.
• Gas Stoves: All units feature gas stoves, offering tenants a cost-effective and reliable cooking option.
• 1 x Solar Geyser
Unit Breakdown
Unit 1:
• Bedroom: 1
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 3 500.00
This unit is ideal for singles or couples looking for a compact and affordable living space.
Unit 2:
• Bedroom: 1
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 3 500.00
Similar to Unit 1, this unit caters to singles or couples, offering a cozy and functional living environment.
Unit 3:
• Bedrooms: 2
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 5 500.00
Perfect for small families or roommates, this unit provides additional space and comfort.
Unit 4:
• Bedrooms: 2
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 5 500.00
This unit is similar to Unit 3, offering ample space for families or shared living arrangements.
Unit 5:
• Bedrooms: 3
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Courtyard: Yes
• Monthly Rent: R 7 500.00
Ideal for larger families, this unit includes a courtyard, providing additional outdoor space for relaxation or activities.
Unit 6:
• Bedrooms: 3
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Courtyard: Yes
• Monthly Rent: R 7 500.00
Similar to Unit 5, this unit is designed for families needing more living space and an outdoor area.
Investment Summary
This property offers a blend of one, two, and three-bedroom units, catering to a diverse tenant base. The inclusion of gas appliances and a borehole adds significant value and appeal, ensuring lower utility costs and sustainability. With a total potential monthly rental income of R 33 000.00, this property represents a sound investment opportunity in a desirable residential area.
Zoning: Residential 2 (Res 2)
Features:
• Borehole: Provides a reliable alternative water source, ensuring sustainability and cost savings.
• Remote Access Gate: Enhances security and convenience for tenants, allowing controlled access to the property.
Rental Income: The property consists of six rental units, each with different configurations and rental rates:
• 2 x 1-Bedroom Units: Each renting for R 3 500.00 per month, generating a total monthly income of R 7 000.00.
• 2 x 2-Bedroom Units: Each renting for R 5 500.00 per month, generating a total monthly income of R 11 000.00.
• 2 x 3-Bedroom Units: Each renting for R 7 500.00 per month, generating a total monthly income of R 15 000.00.
Total potential rental income per month: R 33 000.00
Amenities
• Gas Geysers: Four of the units are equipped with gas geysers, providing an energy-efficient solution for hot water.
• Gas Stoves: All units feature gas stoves, offering tenants a cost-effective and reliable cooking option.
• 1 x Solar Geyser
Unit Breakdown
Unit 1:
• Bedroom: 1
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 3 500.00
This unit is ideal for singles or couples looking for a compact and affordable living space.
Unit 2:
• Bedroom: 1
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 3 500.00
Similar to Unit 1, this unit caters to singles or couples, offering a cozy and functional living environment.
Unit 3:
• Bedrooms: 2
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 5 500.00
Perfect for small families or roommates, this unit provides additional space and comfort.
Unit 4:
• Bedrooms: 2
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Monthly Rent: R 5 500.00
This unit is similar to Unit 3, offering ample space for families or shared living arrangements.
Unit 5:
• Bedrooms: 3
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Courtyard: Yes
• Monthly Rent: R 7 500.00
Ideal for larger families, this unit includes a courtyard, providing additional outdoor space for relaxation or activities.
Unit 6:
• Bedrooms: 3
• Lounge: 1
• Kitchen: 1
• Bathroom: 1
• Courtyard: Yes
• Monthly Rent: R 7 500.00
Similar to Unit 5, this unit is designed for families needing more living space and an outdoor area.
Investment Summary
This property offers a blend of one, two, and three-bedroom units, catering to a diverse tenant base. The inclusion of gas appliances and a borehole adds significant value and appeal, ensuring lower utility costs and sustainability. With a total potential monthly rental income of R 33 000.00, this property represents a sound investment opportunity in a desirable residential area.
Features:
- 6 kitchens
- Kitchen
- Interior Description: Unfurnished
- Association/Community Features Description: Pets Allowed
Location:
Polokwane, Limpopo Province, South Africa
Listed By Century 21 Polokwane
The Residential For Sale, House located in Polokwane, Limpopo Province, South Africa is currently for sale. This property is listed for R3,000,000 ZAR. This property has 12 bedrooms, 6 bathrooms. If this property isn't what you're looking for, search Limpopo Real Estate to see other Homes For Sale in Polokwane.