36 Bedroom House in Modder East

INVESTORS MULTI-LET IN MODDER EAST Investment Opportunity: 14-Unit Multi-Let with High Yield PotentialLocation: Modder East, SpringsUnlock the potential of this high-density residential portfolio located in the established suburb of Modder East.This property offers a robust footprint for investors looking to scale their rental portfolio or undertake a high-reward value-add project.Property Overview: Currently operating as a multi-let facility, this property caters to the high-demand low-income housing market. With a diverse unit mix, it provides flexibility for various tenant profiles.Total Units: 14 ApartmentsUnit Mix: Ranging from compact 1-bedroom units to spacious 4-bedroom family units.Parking: Ample on-site parking capacity, a rare and valuable asset for high-density living.Condition: The building requires some TLC and cosmetic upgrades, offering a blank canvas for an investor to add immediate equity.Financial BreakdownThe property is already a proven income generator with significant meat on the bone for rental growth.Metric Current StatusMonthly Rental Income R36,000Annual Gross Income R432,000Occupancy EstablishedInvestment HighlightsImmediate Cash Flow: Start collecting R36,000 from day one.Value-Add Play: By modernizing the units and improving the building''s aesthetic, there is a clear path to increasing the monthly yield by nearly 40.Strategic Location: Situated in Modder East, providing easy access to local industry, transport links, and essential amenities, ensuring a low vacancy rate.Scalability: The variety in unit sizes 14 bedrooms hedges your risk across different tenant segments.Investors Note: This is an ideal play for a seasoned renovator or a yield-focused investor looking to capitalize on the growing demand for affordable, well-managed housing in the East Rand.Don''t miss out on this high-yield diamond in the rough. Contact us today to arrange a viewing. Show more Show less