10 Bedroom Apartment For Sale in Midrand

Property description

A converted RDP house in Ext 5 Kaalfontein, Midrand, offering lucrative micro multi-family residential rooms. The structural layout, room features, facilities, and investment dynamics defines this property. The original stand alone RDP house measures +-40 square meters with a small kitchen/lounge with two bedrooms remains as anchor converted into the primary structure. Backroom units numbering eight (8) have been build in the remaining yard space and the total lettable amounts to ten (10) units generating a total of +- R14k rental income per month.

Each room features its own individual prepaid electricity meter box allowing tenants to manage their own consumption. Water is included in the flat rent. The entire property perimeter is enclosed with high brick boundary walls and a lockable steel gate. The yard space is fully occupied by buildings to maximize income, parking space is severely constrained.

Each room provides multi purpose function that of being a kitchen, bathroom, lounge/dining room etc. There are two outside toilets for male/female. The anchor portion of the original RDP house has its own inside toilet/shower and kitchen.

Schooling facilities are galore starting from pre - primary and high schools. There is a Shoprite and another shopping center including the Tembisa Mall all located within a walking distance. There is ample public transport in the form of traditional and metered taxis.

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