Kwambonambi, KwaZulu Natal
R 1,250,000
12 Beds | 5 Baths | 3 Garages | 650 m² Floor | 1,852 m² Land
Investment Opportunity | Income-Generating Potential | Renovation & Maintenance Required
12-Bedroom Home Converted into 12 Rental Flats – 690 m²
This substantial 690 m² residential property presents an excellent opportunity for an investor looking to acquire a large property with the potential to generate rental income from 12 individual residential rooms.
Originally a 12-bedroom home, the property has been converted into 12 separate bedroom units, making it well suited to a multi-tenant residential rental model.
The configuration includes a combination of en-suite bathrooms and shared bathrooms, with some rooms sharing bathroom facilities.
The property is ideally suited to an investor or developer with the vision and resources to undertake the necessary improvements and unlock its full rental potential.
Property Highlights
* 690 m²** total building size
* Converted into 12 residential rental rooms
* 12 bedrooms/units
* Combination of en-suite and shared bathrooms
* Existing multi-unit rental configuration
* Strong potential for rental income
* Large property with scope for improvement and refurbishment
* Requires significant TLC, maintenance and refurbishment
* Ideal for an investor, renovator or property developer
The property is being offered as a "renovation and refurbishment opportunity". It requires maintenance and attention to bring the building and individual units back to a desirable rental standard. With the right investment, the property offers the potential to improve the accommodation, enhance tenant appeal and maximise rental returns.
A rare opportunity to acquire a large 690 m² property already configured for 12 residential rentals, with substantial scope to add value through refurbishment and ongoing maintenance.
Contact us to arrange a viewing and explore the property's investment potential.
Move on. Move Up
Key Details
Reference LFRB-3880
Listing type Sale
Property type House
Listing zone Residential
Suburb Kwambonambi
City Kwambonambi
Province KwaZulu Natal
Rates R 1,341
Property Details
Bedrooms 12
Bathrooms 5
Garages 3
Floor area 650 m²
Land size 1,852 m²
Finishes African rock cement plaster
Fence Yes
Roof Tile
Garden Yes
Pantry Yes
Paved yard Yes
Kitchen Yes
Lounges 1
En-suite bathrooms 1
Dining areas 1
Finance
Bond Calculator
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