Looking for a good investment!!! here is a spacious Multi-Tenant Home with Income Potential

This well-maintained home, originally built in 1967, offers a unique opportunity for investors.
Currently tenanted by 5 occupants, each with their own room, the property generates a solid rental income of R17,000 per month. But that’s not all!
Plans for an additional 3 rooms have been drawn up, allowing the possibility of expanding to 8 tenants and increasing the monthly income to nearly R27,000.
The kitchen is spacious with ample built-in cupboards and a built-in stove.
The rest of the home features a dining room / open plan lounge with a dry wall separating the two areas of which the lounge has been converted into a bedroom.
3 bedrooms and one full family bathroom, with a separate toilet is located at the back of the house.
The original garage has been converted into a large bedroom big enough to accommodate 2 big beds, tiled and the dry wall has been added behind the original garage door.
Outside is a spacious yard with enough space for pets and children to play.
This home is secured with burglar bars, safety gates and an alarm system not currently being utilized.
Fibre Ready and Connected.
It is well located and close to amenities such as Cape Gate Shopping Centre and Cape Gate Medi Clinic and local high schools and primary schools.
Key Features:Original Parquet Flooring:Step into spacious bedrooms adorned with charming parquet flooring.Generous Kitchen:The kitchen boasts ample built-in cupboards and a convenient built-in stove.Flexible Living Space:The dining room and open-plan lounge, separated by a drywall, offer versatility. The lounge has even been converted into an extra bedroom.Bedrooms and Bathrooms:Three bedrooms and a full family bathroom, along with a separate toilet, provide comfortable living.Converted Garage:The original garage has been transformed into a large bedroom, perfect for accommodating two beds.Outdoor Space:Enjoy a spacious yard, ideal for pets and children to play.Security Measures:Burglar bars, safety gates, and an alarm system enhance safety.Fiber Ready:Stay connected with high-speed internet.Convenient Location:Close to Cape Gate Shopping Centre, Cape Gate Medi Clinic, local schools, and more.Erf Size:496 m²Rates & Taxes:Approximately R1,400 per month (includes water and sewerage).