3 Bedroom House For Sale in Mitchells Plain

Property description

This tenanted property for sale on a lease back, providing a higher than average return on your investment.

This charming starter home, ideal for families and first-time buyers alike. This property offers a blend of comfort and potential, featuring a three-bedroom main house and an income-generating flatlet.

**Main House:**

Step into the open-plan lounge, which seamlessly flows into a kitchen, complete with built-in cupboards. The home boasts three cozy bedrooms and a full bathroom, providing ample space for a growing family. For your convenience, there is a carport that comfortably accommodates two vehicles.

**Additional Features:**

The property includes a separate flatlet. This private space features one bedroom, a bathroom, and a small sitting area, along with its own parking bay. With a potential rental income of R3500 per month, this flatlet offers an excellent opportunity to offset mortgage costs or accommodate extended family members or grandparents.

Don't miss the chance to make this wonderful property your new home. Its versatile layout and income potential make it a truly unique opportunity.
Preference will be given to cash buyers.

1x 3 bedroom house with carport
(Long term rental - R4 000p/m)

1x granny flat with 2 parking bays
(Long tern rental - R3 500p/m)

Gross Rental - R7 500p/m
Expenses, rates - R250.00p/m
Potential 14 - 15 % yield in year 1.

Calling all Investment Buyers!

Joe Przygonski and Tony O'Kelly are representatives of Real Estate Power CC, T/A RE/MAX PREMIER, an Independently Owned and Operated franchise of RE/MAX SA.