R1,630,000

House for sale Modimolle
Property photo number 1 of 11 Photos for Property. File  106107552_2971_ae91bca7d708fc5c31f602c9e29755fd.avif

Overview

SUMMARY: Discover an opportunity with this Modimolle house for sale and available for R1,630,000. This could be your next ideal home or a smart investment. More details await.
CASH-FLOWING STUDENT ACCOMMODATION INVESTMENTOpportunities like this do not come onto the market often.Positioned in the sought-after Paul Kruger area of Modimolle, this established student accommodation and rental property offers an investor the opportunity to acquire a fully operational income-producing asset with immediate cash flow from day one.Currently generating approximately R39 000 per month rental income, the property is being sold lock, stock and barrel, including furniture, appliances and accommodation equipment required to continue operating the business.A major advantage is that the property currently benefits from the NSFAS-funded student accommodation market, with approximately two years of NSFAS funding allocation still remaining, offering investors added income security and a proven tenant demand base.Set on a generous 1,230m² stand, the property combines spacious living areas with practical accommodation facilities, making it ideal for student housing, workforce accommodation or long-term rental tenants.PROPERTY FEATURES5 Spacious Bedrooms3 Bathrooms2 En-Suite BathroomsLarge Open-Plan Living and Dining AreasModern Kitchen with Ample Built-In CabinetrySeparate Laundry AreaExtensive Built-In CupboardsSpacious Communal LoungeSecure and Functional Student Accommodation SetupINCLUDED IN THE SALE12 Beds12 Study Tables2 RefrigeratorsWashing MachineMicrowaveLounge FurnitureVarious Accommodation Furnishings and EquipmentADDITIONAL FEATURES2 Covered CarportsSecure ParkingFully Walled PropertyPaved Outdoor AreasModern Tiled Finishes ThroughoutSpacious Communal Living AreasLarge Shared KitchenExcellent Rental Demand AreaSold Fully Furnished and OperationalThis is a rare opportunity to acquire an established student accommodation business with an existing income stream, accommodation infrastructure already in place, furniture included, and a proven rental track record.Whether you continue operating as NSFAS-linked student accommodation or expand the rental model further, this property offers immediate returns and long-term investment potential.INVEST TODAY. EARN FROM DAY ONE.CENTURY 21 DISCLAIMERCentury 21 Bushveld and its representatives provide the information contained herein in good faith. While every reasonable effort has been made to ensure accuracy, all information, measurements, sizes, descriptions, photographs and property details are subject to verification by prospective purchasers and do not constitute any representation or warranty. Buyers are encouraged to conduct their own due diligence regarding zoning, municipal services, approvals, building plans, rental income, occupancy levels, NSFAS accreditation status, funding allocations and intended use. Some photographs may have been digitally enhanced, virtually staged or edited for marketing purposes. E&OE (Errors and Omissions Excepted).
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Details

  • Beds: 5
  • Baths: 3
  • Price: R1,630,000
  • Reference No.: 3320794
  • Parking Spaces: 2

Location

Marketed by:

  • Century 21 South Africa
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