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Ivory Park, Ivory Park, Midrand, Gauteng
R 600 000
12-Room Investment Property for Sale in Lindokuhle/Thuthukani, Midrand (Ivory Park) Secure a solid income-producing property in one of Midrand’s high-demand rental areas. Situated on a spacious double stand, this property offers great potential for both immediate returns and future expansion. The property includes 12 rental units, with 10 already occupied and 2 currently under construction, giving you the opportunity to increase your income once completed. Key Features: 12 spacious Rental Units (10 Occupied) 2 Units Under Construction 2 Communal Toilets Large Double Stand Yard with Expansion Potential Income Overview: R10 800 monthly income Immediate rental income from existing tenants Additional income potential once remaining units are completed Perfect for investors looking to grow their portfolio with a property that already produces income while still offering room to scale. Get in touch today to arrange a viewing and secure this opportunity. Asking Price R600 000 Listing agents: Steve Mabetwa & Angel Mamabolo
Estimated monthly repayment
R 5 666
on a R 540 000 bond over 20 years at 11.25%
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Ivory Park, Ivory Park, Midrand, Gauteng
Listed by
Thandi Mnguni
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