12 Bedroom House for sale in Geduld Ext 2

This 12-room multi-let property is a rare investment opportunity, currently generating approximately R27,000 per month in rental income, delivering an impressive ±25% annual yield based on the asking price of R1.3 million. With multiple income streams and rooms that can be rented at different rates, this property is ideal for investors seeking instant cash flow and long-term growth potential. This property offers excellent income-generating potential as a multi-let investment. Buyers are encouraged to note that, in line with current bank lending criteria, a deposit is typically required, depending on your financial profile and purchase structure. Getting pre-qualified upfront can help streamline the process and strengthen your offer. All applications remain subject to bank approval. Featuring a mix of internal rooms and private outside flatlets, this property caters to a variety of tenants. Prepaid electricity and individual DSTV connections simplify management while maximizing rental income. Although some cosmetic upgrades and minor maintenance could enhance value, this property offers a solid foundation for increasing returns and scaling your investment portfolio. Features: • 12 Total rentable rooms • 7 Internal rooms • 5 Outside flatlets • Current rental income: ± R27,000 per month • Estimated annual yield: ±25% • 5 Internal rooms with built-in cupboards (BIC) • 2 Internal rooms without built-in cupboards • Prepaid electricity for each room • DSTV connection available for each room • Outside flatlets include: • Private bathroom (shower, toilet, basin) • Kitchen area with sink and counters (bring your own stove & fridge) • Internal rooms include: • Access to communal bathroom facilities • 4 Showers • 5 Toilets • Hot water access for all rooms • 1 Garage (requires attention) • Parking space for up to 10 vehicles (uncovered) • Communal washing bay and washing line • Security gates and steel window bars A high-yield investment like this is extremely rare. Contact the agent today to arrange a viewing and secure this cash-flow positive property.