9 bedroom income-generating property for sale
Income-Producing 9-Room Investment Property in Malvern East
An excellent opportunity for investors looking for an established income-producing property in the well-positioned Malvern East area.
This spacious property offers 9 rooms and 3 bathrooms and is currently tenanted, generating approximately R24,600 per month in rental income. With tenants already in place, the property offers an investor the advantage of acquiring an asset with an existing rental stream from day one.
Property Features
.9 rooms
.3 bathrooms
.Swimming pool
.Currently tenanted Current rental income: R24,600 per month
.Current annual rental income: approximately R295,200
Established multi-room rental setup Potential to optimise the existing rental income further, subject to the property's layout, condition and applicable municipal requirements Location – Malvern East
Malvern East is conveniently positioned close to Bedfordview, Kensington, Wychwood and surrounding Germiston/Johannesburg areas, giving residents good access to major employment and commercial nodes.
The area benefits from nearby schools, shopping facilities, healthcare services and public transport, making the location practical for tenants who rely on convenient access to everyday amenities and surrounding business areas.
Investment Opportunity
For an investor looking for an existing rental property rather than starting a conversion from scratch, 42 Price Road presents an attractive opportunity.
With R24,600 already being generated monthly, nine rentable rooms and an established tenant base, the property offers immediate income with the opportunity for a new owner to assess and potentially improve the rental operation over time.
Buy the property. Take over the existing rental stream. Explore the potential for further growth.
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Disclaimer
While every effort will be made to ensure that the information contained within the Mandated Property Group website is accurate and up to date, Mandated Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.