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Property for Sale in Protea Glen, Soweto - Rental Income Opportunity
R 900,000
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19 days ago31 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):2
Bathrooms (#):1
Parking:Garage
Description
Property for Sale in Protea Glen, Soweto - Rental Income Opportunity
This property in Protea Glen, Soweto, offers a unique opportunity to generate rental income with its flexible layout:
Main House Features:
• 2 bedrooms
• Lounge
• Kitchen
• Bathroom
• Garage
Outside Units:
• 2 separate rentable units, each consisting of 2 bedrooms
• 1 rentable unit consisting of 1 bedroom
• Shared bathroom facilities serving these units
This property layout is suitable for generating rental income in multiple ways:
1. Main House: The main house can be rented out to a family or individuals seeking a 2-bedroom home with the added convenience of a garage.
2. Outside Units: The separate rentable units with multiple bedrooms and shared bathroom facilities can be rented out to individual tenants. These units may appeal to students, young professionals, or small families in search of affordable accommodation.
Having multiple rental units on the property significantly increases the potential for generating steady rental income, providing a reliable source of passive income for property owners.
Soweto is a densely populated area with consistent demand for affordable housing, making it a potentially lucrative rental market. This property presents a unique opportunity for investors or homeowners looking to generate rental income in a thriving community. Don't miss the chance to explore this exciting investment opportunity further. Contact us today for more details and to arrange a viewing.
Property Reference #: ORL14726
Agent Details:
Elsabe Oosthuizen
Only Realty
276 Ontdekkers Road
Ontdekkers Park
Roodepoort
This property in Protea Glen, Soweto, offers a unique opportunity to generate rental income with its flexible layout:
Main House Features:
• 2 bedrooms
• Lounge
• Kitchen
• Bathroom
• Garage
Outside Units:
• 2 separate rentable units, each consisting of 2 bedrooms
• 1 rentable unit consisting of 1 bedroom
• Shared bathroom facilities serving these units
This property layout is suitable for generating rental income in multiple ways:
1. Main House: The main house can be rented out to a family or individuals seeking a 2-bedroom home with the added convenience of a garage.
2. Outside Units: The separate rentable units with multiple bedrooms and shared bathroom facilities can be rented out to individual tenants. These units may appeal to students, young professionals, or small families in search of affordable accommodation.
Having multiple rental units on the property significantly increases the potential for generating steady rental income, providing a reliable source of passive income for property owners.
Soweto is a densely populated area with consistent demand for affordable housing, making it a potentially lucrative rental market. This property presents a unique opportunity for investors or homeowners looking to generate rental income in a thriving community. Don't miss the chance to explore this exciting investment opportunity further. Contact us today for more details and to arrange a viewing.
Property Reference #: ORL14726
Agent Details:
Elsabe Oosthuizen
Only Realty
276 Ontdekkers Road
Ontdekkers Park
Roodepoort
Id Subtitle 1272860854
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Estimated monthly repaymentR 9,754
Total property loan amountR 900,000
Total interestR 1,440,808
Total repaymentR 2,340,808
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Only Realty
Selling for 3+ years
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