House with Flats

Description

This one is ideal for a Cash investor. Banks will not bond an incomplete structure. Unlock incredible cash-flow potential with this versatile residential property situated in beloved Heather Park, Eersterivier. Designed for maximum rental yield, this property offers a seamless mix of immediate income and substantial value-add opportunity. Current Gross Rental Income: R13,800 per month (with significant upside potential). Key Features & Asset Breakdown: • 6 Completed Bachelor Units: o Open-plan layout with dedicated en-suite bathroom (shower, basin, toilet). o Fully tenanted at R2,300/month each (R13,800 total monthly income). 6 Incomplete Bachelor Units: o Structure and roofing already complete. o Ready for internal finishes—ideal for doubling your unit revenue stream once finished. Primary Residence (2-Bed, 1-Bath): o Low-maintenance, solid red face-brick construction. o Minimal cosmetic work required (needs built-in kitchen cupboards). o Can be rented out separately for additional yield. Prime Location & Tenant Appeal: • Unmatched Convenience: Three major shopping centers are within easy walking distance, anchored by Shoprite, Pick n Pay, and Spar, along with popular retail stores (Mr Price, Pep, PnP Clothing). • Excellent Transport Links: Situated near Eersterivier Train Station with immediate access to main-road bus routes connecting tenants directly to greater Cape Town. A high-density rental setup with huge upside—schedule your viewing today to secure your next cash-flowing asset!