$89,634

Situated strategically within walking distance to the town center, essential amenities, and the prestigious EC Midland College, this property is perfectly positioned for convenience and accessibility. With its immense potential, this property is an ideal choice for the extended family, student accommodation, or family rentals. Currently, the home has been converted into three separate units, generating a rental income of approximately R14,500 per month. Two of the units on the property feature two bedrooms, one bathroom, a spacious living room, and a well-equipped kitchenette. The third unit consists of one bedroom, one bathroom, a comfortable living room, and a functional kitchenette. Each unit has its own prepaid electricity and water meters, ensuring efficient billing and individual control over utility usage. Additionally, the land is extensive enough to allow for the potential construction of more units, providing further opportunities for increased rental income. This income generating Victorian style home offers not only a desirable investment opportunity but also a flexible and adaptable living space. Don't miss out on the chance to own this property with its prime location, potential for expansion, and steady rental income.

Amenities

• Bedrooms: 5
• Full Bathrooms: 3
• Partial Bathrooms: 0
• Property Type: Residential
• Home size: 0 ft² / 0 m²
• MLS: 2722075
• Status: Active