Birchleigh, Kempton Park, Gauteng
R 1,795,000
5 Beds | 5 Baths | 993 m² Land
Income-Generating 5-Unit Investment | Rental Growth Potential | Birchleigh Ext 1
investment opportunity – 5 rental units in birchleigh ext 1
Address: 48 Cloete Avenue, Birchleigh Ext 1
A fantastic investment opportunity offering 5 rental units in a well-positioned area of Birchleigh Ext 1.
The property currently generates a combined rental income of approximately R19,240 per month, with the units currently achieving:
- 2 units at R3,500 each
- 2 units at R4,620 each
- 1 unit at R4,000
The current rental rates reflect the impact of the Covid-19 period, with a clear opportunity for future rental growth. The owner intends implementing a 10% rental increase after 12 months, creating potential for improved returns over time.
The units are currently secured with 6-month renewable leases, providing flexibility and protection for the owner while allowing rental agreements to be reviewed regularly.
This property is ideal for an investor looking for an income-generating asset with multiple rental units, existing tenants and future rental growth potential.
Key highlights:
- 5 rental units
- Current rental income: ± R19,240 per month
- 6-month renewable leases
- Planned 10% rental increase after 12 months
- Multiple income streams from one property
- Ideal for investors seeking rental income and long-term growth
A great opportunity to secure a multi-unit investment in Birchleigh Ext 1 with room to grow the rental income.
Key Details
Reference LFKP-3062
Listing type Sale
Property type House
Listing zone Residential
Suburb Birchleigh
City Kempton Park
Province Gauteng
Rates R 1,281
Property Details
Bedrooms 5
Bathrooms 5
Open parking 10
Land size 993 m²
Fence Yes
Garden Yes
Kitchen Yes
En-suite bathrooms 5
Smoking Allowed Yes
Wheel Chair Friendly Yes
Pre Paid Electricity Yes
Finance
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