House
·
for sale
R 1 970 000
R 4 925/m²
Multi unit investment property: 7 bedrooms with strong income potential
Melville, Hibiscus Coast Local Municipality
· 400 m² · 7 Bedrooms · 7 Baths · House
Melville, Hibiscus Coast Local Municipality · 400 m² · 7 Bedrooms · 7 Baths · House
If you are looking for a property with substantial bones and a clear path to high rental yields, this face-brick home offers a unique opportunity. While the property does require some focused attention and restoration to reach its peak, the layout and infrastructure are already geared toward a high-occupancy investment or a large multi-family setup. The Property Breakdown The home is cleverly divided into four separate living spaces, providing privacy and independence for multiple tenants: Unit 1 (First Floor): A spacious 2-bedroom, 2-bathroom (main ensuite) layout featuring a large open-plan lounge, kitchen and dining area. Unit 2 (Ground Floor): A compact 1-bedroom unit with a bathroom (shower, toilet, basin) and an open-plan lounge/kitchen. Unit 3 (Ground Floor): A 2-bedroom, 2-bathroom (main ensuite) unit with a functional open-plan living and kitchen area. Unit 4 (Ground Floor): Another 2-bedroom, 2-bathroom (main ensuite) configuration with an open-plan lounge and kitchen. Functi
If you are looking for a property with substantial bones and a clear path to high rental yields, this face-brick home offers a unique opportunity. While the property does require some focused attention and restoration to reach its peak, the layout and infrastructure are already geared toward a high-occupancy investment or a large multi-family setup. The Property Breakdown The home is cleverly divided into four separate living spaces, providing privacy and independence for multiple tenants: Unit 1 (First Floor): A spacious 2-bedroom, 2-bathroom (main ensuite) layout featuring a large open-plan lounge, kitchen and dining area. Unit 2 (Ground Floor): A compact 1-bedroom unit with a bathroom (shower, toilet, basin) and an open-plan lounge/kitchen. Unit 3 (Ground Floor): A 2-bedroom, 2-bathroom (main ensuite) unit with a functional open-plan living and kitchen area. Unit 4 (Ground Floor): Another 2-bedroom, 2-bathroom (main ensuite) configuration with an open-plan lounge and kitchen. Functi
R 1 970 000