House 2897-ref-2234 for Sale in Auckland Park, Johannesburg

AgencyRef: 2897-ref-2234 This well-positioned student accommodation property offers an excellent investment opportunity with strong income potential. The property consists of four separate houses, each designed to provide comfortable and practical student living. Every house is equipped with its own kitchen and features three spacious bedrooms along with two bathrooms, making it ideal for shared accommodation. In addition to the residential units, the property includes three office spaces that can be used for administration, management, or as study areas for tenants. There are also two laundry rooms available on-site, ensuring convenience for residents, as well as an outside toilet to accommodate additional usage. The property is not yet fully tenanted, presenting an opportunity for the new owner to increase occupancy and maximize returns. Once fully tenanted, it has the potential to generate an impressive rental income of up to R137,000 per month. Set within a well-maintained and attractive garden, the property provides a pleasant living environment for students. Parking is ample, with four covered parking spaces and additional room to accommodate up to six more vehicles. Ideally located just 1 km from the University of Johannesburg, this property is perfectly situated to attract consistent student demand. With its strong rental potential and prime location, it offers a fantastic opportunity for investors looking to expand their property portfolio. Agency reference number: 2897-2234