13 Bedroom House in Isipingo Rail

Investor Opportunity Near Mangosuthu University of TechnologyThis versatile property offers excellent potential for investors looking to expand into the student accommodation or multi-tenant rental market.The main double-storey house is currently divided into three separate sections, each operating independently and generating rental income. In addition, there is a separate granny flat with tenants, as well as a converted double garage below the house that has been turned into additional living quarters.The property is currently multi-tenanted and generating R15,000 per month, although the income is below market value because owner just wanted to have house occupied. With proper structuring and optimisation, the rental yield could be significantly increased.Located approximately 2.5 km from Mangosuthu University of Technology, the property is ideally positioned for conversion into student accommodation, making it an attractive opportunity for a serious investor.Current Layout:13 Bedrooms8 Bathrooms6 Kitchens4 Lounge areasSeparate granny unitConverted double garage living spaceThe layout also allows for further maximisation of sleeping areas by converting dining spaces and reconfiguring the current living areas.The owner is motivated and looking to offload the property to a credible investor at a reasonable price.An opportunity with strong potential for high-density rental income in a student accommodation market. Show more Show less