10 Bedroom House in Flamingo Vlei

Investment Opportunity in Flamingo Vlei - 9 Unit Income Property Seller will consider offers from R8 695 000!A unique investment opportunity in the heart of Flamingo Vlei, offering stable long-term returns for investors and occupation options for potential owner-occupiers.This versatile property comprises eight self-contained units of varying sizes, including the main dwelling on the second floor, all arranged over three levels, with secure on-site parking. The configuration allows for a diverse rental mix from compact lock-up-and-go apartments to larger living spaces ensuring broad tenant appeal and consistent occupancy.Achieving a current gross income of R78 305 per month, with monthly expenses incl. rates of - R15 000, this property provides a solid return which will increase each year with normal rental escalations and adjustments.Ideal for:Investors seeking a well-performing, income-generating asset with growth potential.Owner-occupiers looking to reside in one of the units or the main house while benefiting from a steady rental income from the remaining units.Situated in a sought-after pocket of Flamingo Vlei, close to shops, schools, and public transport routes, this property represents a rare chance to secure a multi-unit investment in a high-demand residential area. Show more Show less