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1477 mafora Street, J B Mafora, Bloemfontein, Free State
R 399 000
Investment Opportunity: 2-Bedroom RDP Home with Income-Generating Rental Units in J B MaforaSmart Investment Opportunity: 2-Bedroom RDP Home with Income PotentialDiscover a compelling investment opportunity in J B Mafora, Bloemfontein. This 2-bedroom RDP home, priced at an attractive R450,000, offers more than just comfortable living it presents a significant chance for immediate income generation and future growth. Situated on a generous 220m² erf, this property is ideally suited for both astute investors and first-time buyers looking to establish a foothold in the property market.The main residence features two well-proportioned bedrooms, a functional bathroom, a practical kitchen, and a comfortable lounge area, providing a solid foundation for a family home. A key differentiator of this property is the inclusion of three additional outside rental rooms, complemented by an external toilet. These established rental units offer a consistent stream of supplementary income, enhancing the property''s financial viability and appeal.The expansive 220m² erf provides ample outdoor space, presenting considerable potential for future expansion or further development, allowing owners to adapt the property to their evolving needs. Located in the established suburb of J B Mafora, residents benefit from local amenities and community infrastructure. This property represents a versatile asset, whether you intend to reside here and benefit from rental income or expand your existing property portfolio.Seize this unique opportunity to acquire a property with proven income-generating capabilities and significant growth potential. This offering is a strategic acquisition for those seeking value and return. Contact us today to arrange a viewing and explore the possibilities this J B Mafora home presents.Key Features2-bedroom main house3 outside rental rooms for additional incomeExternal toilet facilitySpacious 220m² erf with expansion potentialIdeal for investors or first-time buyersLocated in J B Mafora, BloemfonteinREMAX FIRST PTY LTD trading as REMAX First Bloemfontein operates in terms of a franchise agreement with REMAX of Southern Africa. Show more Show less
Estimated monthly repayment
R 3 768
on a R 359 100 bond over 20 years at 11.25%
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1477 mafora Street, J B Mafora, Bloemfontein, Free State
Listed by
Zinhle Zulu
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