R2,500,000

R2,500,000

4 Bedroom House For Sale in Olivedale
4
Bedrooms
3
Bathrooms
302 Jessie Road
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Prime Investment Opportunity: High-Yield Multi-Let Property

Web Ref. RL5432
Land size 1260.00 m²
Floor size 205.00 m²
Monthly Bond Repayment
R24,959.49
Gross Rental Income: R18,000 per month
Gross Annual Yield: 9.4%

An outstanding, high-performing asset tailored for astute investors! This spacious property has been cleverly divided into three separate, self-contained residential units, offering immediate income from day one. Situated on a generous plot, the setup maximizes rental yields while offering distinct, comfortable living environments for each tenant. Fully walled and gated, the property is secure and very well maintained.

Unit 1 & Unit 2 1-Bedroom Apartments
• Living Space: Generous private lounge filled with natural light.
• Kitchen: Fully fitted kitchen with counter space and dedicated storage.
• Bedroom & Bath: Well-proportioned bedroom with a full bathroom.
• Outdoor Access: Direct flow onto a shared central courtyard.

Unit 3 2-Bedroom Apartment
• Living & Dining: Airy open-plan lounge seamlessly integrated with a modern kitchen.
• Bedrooms & Bath: Two comfortable, well-sized bedrooms served by a full bathroom.
• Outdoor Access: Features its own private covered patio, perfect for entertaining and relaxing outdoors.

Key Investment Highlights
• Immediate Cash Flow: Generating R18,000 per month in rental revenue.
• Risk Diversification: Spread your rental risk across three independent tenancies to minimize vacancy exposure.
• Tenant Appeal: Each unit functions as an independent home with private living and cooking facilities, ensuring high tenant retention.
• Low Maintenance Design: Designed for durability and easy management.


Please call or whatsapp to arrange a viewing.
Monthly Rates R1,377

Features

Interior
4 Bedrooms
3 Bathrooms
3 Kitchens
3 Lounges
3 Dining Rooms
Exterior
6 Parkings (Secure Parking)
Pet Friendly
Security
Sizes
Land Size 1,260 m²
Floor Size 205 m²
Listing Info
Date Listed 13-08-26
Time Listed 09:13

Olivedale, Randburg

Google map for 4 Bedroom House For Sale in Olivedale

Disclaimer

While every effort will be made to ensure that the information contained within the Vartrust website is accurate and up to date, Vartrust 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.