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Sparks Estate, Sparks Estate, Durban Central, KwaZulu-Natal
R 2 995 000
CORNER RESIDENTIAL PROPERTY - GREAT INVESTMENT POTENTIAL - CAN ACCOMMODATE 4 FAMILIES OR 15 STUDENTS Four-Unit Residential Investment Exceptional Income-Generating OpportunityUnlock the potential of this outstanding double-storey investment property, thoughtfully divided into four self-contained residential units, making it an ideal choice for investors seeking strong rental returns.The property offers a total of 8 bedrooms, 4 kitchens, 4 lounges, and 5 bathrooms, providing comfortable accommodation for multiple tenants. Secure open parking is available within locked gates, offering convenience and peace of mind.This versatile property presents multiple income-generating opportunities. Continue operating it as four separate rental units, or convert it into student accommodation with the potential to accommodate approximately 15 students, creating an attractive yield in a high-demand rental market.Positioned on a prominent corner stand and zoned Special Residential 400, the property offers excellent accessibility and future potential. The building is structurally sound and in good overall condition, requiring only a little tender loving care and cosmetic updating to maximise its value and rental appeal.Property Features:Double-storey investment propertyFour self-contained residential units8 bedrooms4 lounges4 kitchens5 bathroomsSecure open parking behind locked gatesCorner property with excellent exposureZoned Special Residential 400Ideal for long-term rentals or student accommodationPotential accommodation for approximately 15 studentsExcellent income-generating opportunityWell-maintained structure with scope to add further valueWhether you are an experienced investor looking to expand your portfolio or a buyer seeking a property with multiple income streams, this is an opportunity not to be missed. Show more Show less
Estimated monthly repayment
R 28 283
on a R 2 695 500 bond over 20 years at 11.25%
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Sparks Estate, Sparks Estate, Durban Central, KwaZulu-Natal
Listed by
Pieter Coetzee
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