House for sale in Lombardy East

Exceptional income-generating investment property situated on a large 1,500m² stand in the heart of Lombardy East. This fully tenanted multi-unit property has been converted into 19 rental units, offering immediate cash flow and strong monthly returns for investors. The property currently generates approximately R60,000 rental income per month with operating expenses of around R10,000 per month, making it an attractive addition to any property portfolio. Property Features: 19 fully occupied rental units Variety of unit types catering to different tenant needs Strong rental demand area Immediate return on investment Large stand with multiple income streams Unit Breakdown: 1 x Open-plan bedroom/lounge with separate bathroom and kitchen – R4,700 1 x Open-plan lounge/bedroom with separate kitchen, shower & toilet – R4,500 1 x Bachelor unit – R3,500 Main house unit – R3,800 1 x One-bedroom unit with separate kitchen, lounge, toilet & shower – R5,100 1 x Round room – R2,600 Building 2: 3 x Rooms sharing shower & toilet – R3,600 each 1 x Bachelor unit – R3,600 4 x One-bedroom units – R2,600 each 1 x One-bedroom unit – R3,600 1 x Cottage with 1 bedroom, open-plan lounge, bath & toilet – R4,900 This property is ideal for seasoned investors looking for a well-established rental business with stable tenants and consistent monthly income. Conveniently located close to major routes, shopping centers, schools, and public transport. Serious investors only. Excellent opportunity to expand your rental portfolio with a high-yield residential investment property. PRIME LOCATION ideally positioned close to major amenities, making it highly attractive to tenants *Minutes from Greenstone Shopping Centre *Near Edenvale Hospital *Close to schools and educational facilities *Easy access to the N1 Freeway and major transport routes *Convenient access to shopping, healthcare and public transport This is a rare opportunity to acquire a high yield residential investment property in a well-connected and high-demand rental area. Ideal for investors looking to grow their property portfolio with a stable, income- producing asset.