7 Bedroom Investment Property with High Rental Yield in Lorentzville, Johannesburg
7 Bedroom Investment Property with High Rental Yield in Lorentzville, Johannesburg
Lorentzville, Johannesburg - CBD, Gauteng
Property Key Features
Rooms
4 Bedrooms
1 Bathroom
2 Living Rooms
Flatlet
1 Kitchen
Parking
2 Garages
Property Description
This outstanding multi-tenant investment opportunity in Lorentzville,
Johannesburg CBD, offers impressive rental income potential, featuring living rooms strategically converted into income-generating bedrooms across the property.
The main house section includes three medium-sized bedrooms currently rented out at R1,800 each. Further maximizing space, two additional large rooms (converted from the living areas) are let at R2,000 each.
Adding significant value to the property are two individual one-bedroom flatlets. Each flatlet comes complete with its own private lounge and an en-suite bathroom fitted with a shower, basin, and toilet, generating an estimated R3,000 rental per month each.
For vehicle parking or potential extra revenue, the property includes two garages that were previously let at R2,400 each per month.
With an estimated total gross rental potential of R17,800 per month and tenants contributing an additional R400 each toward utility costs, this high-yield asset represents a lucrative addition to any property portfolio.
Features
Rooms
2 en-suite outside rooms
Amenities
2 One Bedroom Flatlets
Kitchen
Bedroom
Outbuilding
Bathroom
Garage
Amenities
Finance
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Disclaimer
While every effort will be made to ensure that the information contained within the Mandated Property Group website is accurate and up to date, Mandated Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.