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Sophiatown, Johannesburg, Gauteng
House
ZAR 1,550,000
INVESTOR ALERT: R24,000 PER MONTH RENTAL POTENTIAL FOR ONLY R1,550,000 Why buy one rental property when you can own an entire income-producing portfolio under one roof? This exceptional 8-bedroom investment property, complete with 2 separate cottages, offers a rare opportunity to generate an estimated R24,000 per month in rental income when fully tenanted. At an asking price of R1,200,000, this property delivers the kind of numbers that make investors sit up and pay attention. Potential Gross Rental Income ± R24,000 per month Potential Annual Rental Income: ± R288,000 per year Potential Gross Yield: Approximately 24% per annum Property Features: 8 Bedrooms 3.5 Bathrooms Spacious Kitchen Lounge & Dining Areas Covered Parking for up to 6 Vehicles 2 Separate Outside Cottages One Cottage with En-Suite Bathroom deal for Multi-Tenant Accommodation The Opportunity The structure is solid and the income potential is undeniable. While portions of the interior could benefit from some TLC and modernization, this creates the perfect opportunity for an investor to add value while increasing rental returns. Whether you're looking to create: ✔️ A high-yield rental property ✔️ Staff accomm…





