11 Bedroom House for sale in Athlone Park

This versatile multi-let property represents an exceptional value proposition, offering considerable rental income and ample potential for the discerning investor. Located in a prime position with delightful panoramic views, the property currently generates a Monthly Rental Income of R42 500, with tenants already in place. The main residence has been thoughtfully divided into two spacious units: * A comfortable two-bedroom, two-bathroom unit with a guest toilet, private braai area, modern single-story kitchen, and open-plan lounge and dining areas. * A generous three-bedroom, two-bathroom unit, featuring upstairs braai facilities, a washroom, and guest toilet. Below the main house, there is an additional fully fitted two-bedroom apartment with a lounge, dining room, kitchen, and bathroom facilities – ideal for extended family or supplementary rental income. The property also includes a dedicated outdoor area. Enhancing the investment potential are four separate apartments situated in a row on the property. All units are currently tenanted, ensuring an immediate and reliable return on investment. Parking is ample and conveniently arranged, with three spacious parking levels accommodating approximately 15 vehicles: > Upper-level parking – visitor parking – 4 spaces > Mid-level parking – resident parking – 6 spaces > Lower-level parking – resident parking – 6 spaces The property further offers communal outdoor spaces, including lawned areas and braai facilities, providing a welcoming environment for tenants. Offered at an asking price of R2.890 million, this represents a rare opportunity for a high-yield investment.