R 1 350 000

5 Bedroom House for Sale in Lombardy East

Lombardy East, Johannesburg

5
3
3
1 284 m²
- m²: 1 284 m²
- Hectares: 0.128 ha
- Acres: 0.317 acres

rental investment Property in Lombardy East for

Discover an incredible investment opportunity with this multi-unit property, perfectly positioned on a large stand adorned with mature fig and apricot trees. Situated in a convenient location close to public transport and all essential amenities, this property offers a diverse range of rental options, ensuring a steady income stream for the savvy investor.

**Property Overview:**

- **Bachelor Apartments:** There are two bachelor units available, each renting for R2,200. These compact living spaces are ideal for singles or young professionals seeking affordable accommodation.

- **Cottage Units:**

- A charming one-bedroom cottage with an adjoining study is available for R4,500. This unit is perfect for those needing a bit more space for work or leisure.

- Two-bedroom cottages are available for R5,000 each, offering ample room for small families or couples.

- A...

Discover an incredible investment opportunity with this multi-unit property, perfectly positioned on a large stand adorned with mature fig and apricot trees. Situated in a convenient location close to public transport and all essential amenities, this property offers a diverse range of rental options, ensuring a steady income stream for the savvy investor.

**Property Overview:**

- **Bachelor Apartments:** There are two bachelor units available, each renting for R2,200. These compact living spaces are ideal for singles or young professionals seeking affordable accommodation.

- **Cottage Units:**

- A charming one-bedroom cottage with an adjoining study is available for R4,500. This unit is perfect for those needing a bit more space for work or leisure.

- Two-bedroom cottages are available for R5,000 each, offering ample room for small families or couples.

- A one-bedroom open-plan cottage, featuring a lounge and bathroom, is available for R4,200.

- An additional one-bedroom cottage is available at an affordable rate of R2,300.

- **Main House Rentals:** The main house consists of five spacious bedrooms, each renting for R1,700. This shared living arrangement is well-suited for students or individuals looking to enjoy communal living.

**Additional Features:**

- **Potential for Expansion:** The property includes a double garage that can be converted into one or two additional units, increasing the rental capacity and further enhancing revenue potential.

- **High Rental Yield:** Currently, the owner collects over R25,000 in rental income monthly, with the potential for even more once further improvements are made.

**Property Condition:**

While the property does require some tender loving care (TLC), its current rental yield and potential for growth make it an attractive option for investors willing to enhance its value.

**Safety and Security:**

The property is safe and secured, providing peace of mind for tenants and owners alike.

This property represents a rare opportunity to invest in a versatile rental portfolio with significant income potential. Don't miss out on this chance to secure a valuable asset in a sought-after location. Contact us today to arrange a viewing and explore the possibilities this property has to offer.

Bedrooms: 5

Bathrooms: 3

Garages: 2

Parking: 1

Pet Friendly

Flatlet

Garden

Listing number: P24-115161067, Image number: 1

Listing number: P24-115161067, Image number: 2

Listing number: P24-115161067, Image number: 3

Listing number: P24-115161067, Image number: 4

Listing number: P24-115161067, Image number: 5

Listing number: P24-115161067, Image number: 6

Listing number: P24-115161067, Image number: 7

Listing number: P24-115161067, Image number: 8

Listing number: P24-115161067, Image number: 9

Property Overview

Listing Number

115161067

Type of Property

House

Listing Date

02 November 2024

Erf Size

1 284 m²

Floor Size

517 m²

Rates and Taxes

R 5 200

Pets Allowed

Yes

Rooms

Bedrooms

5

Bathrooms

3

Domestic Rooms

1

Reception Rooms

2

External Features

Garage

2

Parking

1 open parking

Garden

Yes

Other Features

Flatlet

Yes

Points of Interest

Bond Calculator

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