INVESTORS MULTI-LET IN MODDER EAST

Investment Opportunity: 14-Unit Multi-Let with High Yield Potential
Location: Modder East, Springs

Unlock the potential of this high-density residential portfolio located in the established suburb of Modder East.
This property offers a robust footprint for investors looking to scale their rental portfolio or undertake a high-reward value-add project.

Property Overview: Currently operating as a multi-let facility, this property caters to the high-demand low-income housing market. With a diverse unit mix, it provides flexibility for various tenant profiles.
Total Units: 14 Apartments/Unit Mix: Ranging from compact 1-bedroom units to spacious 4-bedroom family units.
Parking: Ample on-site parking capacity, a rare and valuable asset for high-density living.
Condition: The building requires some TLC and cosmetic upgrades, offering a "blank canvas" for an investor to add immediate equity.
Financial Breakdown
The property is already a proven income generator with significant "meat on the bone" for rental growth.

Metric Current Status Projected (Post-Renovation)
Monthly Rental Income R36,000 R50,000+
Annual Gross Income R432,000 R600,000+
Occupancy Established High Demand

Investment Highlights
Immediate Cash Flow: Start collecting R36,000 from day one.
Value-Add Play: By modernizing the units and improving the building's aesthetic, there is a clear path to increasing the monthly yield by nearly 40%.
Strategic Location: Situated in Modder East, providing easy access to local industry, transport links, and essential amenities, ensuring a low vacancy rate.
Scalability: The variety in unit sizes (1–4 bedrooms) hedges your risk across different tenant segments.
Investor’s Note: This is an ideal play for a seasoned renovator or a yield-focused investor looking to capitalize on the growing demand for affordable, well-managed housing in the East Rand.

Don't miss out on this high-yield diamond in the rough. Contact us today to arrange a viewing.