20 Bedroom House for sale in Spruit View

Fully Tenanted, High-Income Residential Block Seize this rare opportunity to acquire a fully tenanted, income-generating residential property with significant expansion potential. This well-maintained asset is a must-buy for any serious property investor seeking immediate cash flow and substantial future returns. Current Income & Asset Snapshot Current Units: 10 well-maintained units. Unit Type: All units are 1-bedroom apartments. Immediate Income: Generating an impressive average monthly income of R60,000 (10 units× R6,000 each).Status: Fully tenanted with a strong rental history, ensuring immediate and consistent positive cash flow from day one. Location: Prime location that ensures sustained high occupancy rates and tenant demand. Untapped Revenue Growth Potential The property includes ample space and the potential to significantly increase your Net Operating Income (NOI) through expansion: Expansion Potential: Approved or viable space to construct a further 6 to 8 new units. Value-Add Opportunity: Future construction will include dedicated parking facilities, a highly sought-after amenity that will command premium rental rates. Projected Income Increase: A conservative estimate suggests the expansion could boost your total monthly revenue by an additional R36,000 to R48,000 (6-8 units R6,000 each), dramatically increasing the property's overall valuation. Investment Confidence To ensure a smooth and secure transaction, we require all serious buyers to demonstrate their capability and commitment. Process: Due diligence and a background check will be conducted on all prospective buyers. Next Steps: Contact us today to receive the full financial breakdown and schedule a private viewing. Current Units: 10 well-maintained units. Unit Type: All units are 2-bedroom apartments Status: Fully tenanted with a strong rental history, ensuring immediate and consistent positive cash flow from day one. Location: Prime location that ensures sustained high occupancy rates and tenant demand.