R3,400,000 | 9 Bedroom House For Sale in Rangeview

Unlock the potential of this versatile property in the sought-after suburb of Rangeview, Krugersdorp.

Offering three separate residential units combined into one exceptional property, this opportunity is ideal for investors, extended families, or entrepreneurs looking to generate multiple rental incomes from a single investment.

With a confirmed combined rental income of R36,970 per month and an attractive potential return of approximately 10%, this property offers flexibility and exciting income-generating possibilities.

The three units can be utilised independently and rented to separate families, creating multiple income streams. Alternatively, the property could offer potential for conversion into a guesthouse, boutique accommodation establishment or Airbnb, subject to the required approvals.

The property does require some TLC, but its size, layout and existing rental income make it a compelling investment opportunity.

Property Features

• 3 units combined
• Unit size: approximately 560m²
• Erf size: 1,590m²
• Double-storey units
• Tiled throughout upstairs and downstairs
• 9 spacious bedrooms
• 11 bathrooms
• 5 automated garages comprising 2 double garages and 1 single garage
• Approximately 90m² of garage space
• Each unit has its own private braai area
• Communal swimming pool
• Excellent potential for multiple rental income streams
• Ideal for three separate family rentals
• Potential guesthouse, boutique accommodation or Airbnb opportunity, subject to approvals
• Confirmed rental income: R36,970 per month

A CLOSER LOOK AT THE THREE UNITS

Unit 1 (Currently Tenanted – 4 Years)

This spacious double-storey unit offers 3 bedrooms plus an additional upstairs room/office with an en-suite bathroom.

The three main bedrooms are downstairs, with built-in cupboards. The main bedroom has an en-suite bathroom, while the second bedroom also has an en-suite.

The upstairs room/office has its own en-suite bathroom.

Additional features include:

• Laundry room
• Separate lounge/study
• Dining room
• Large kitchen with ample cupboards
• Gas stove
• Extractor fan

Unit 2 (Currently Tenanted – 2 Years)

This unit offers 3 bedrooms, with two bedrooms downstairs and the main bedroom situated upstairs.

All bedrooms feature built-in cupboards. The main bedroom has an en-suite bathroom, while the second bedroom also has an en-suite.

Additional features include:

• Laundry room
• Separate lounge
• Dining room
• Kitchen with cupboards
• Eye-level oven

Unit 3 (Currently Tenanted – 9 Years)

This well-established unit offers 3 bedrooms, with two bedrooms upstairs and one downstairs.

All bedrooms have built-in cupboards and en-suite bathrooms. The unit also includes a guest bathroom.

Additional features include:

• Store room
• Study
• Separate lounge
• Dining room
• Kitchen with cupboards
• Laundry room
• Gas stove with extractor fan
• Eye-level oven with extractor fan

Rangeview is a sought-after, upmarket residential suburb in Krugersdorp, West Rand, offering a peaceful, family-oriented lifestyle with attractive surrounding amenities.

The area is conveniently positioned close to popular destinations including the Walter Sisulu National Botanical Garden, while Silverstar Casino, Cradlestone Mall and Krugersdorp Golf Club are all within easy reach.

Whether you're looking to expand your property portfolio, secure multiple rental incomes, accommodate an extended family, or explore an accommodation business, this property offers exceptional versatility.

With three established units, long-term tenants, substantial accommodation and confirmed rental income, this is an opportunity worth exploring.

This GEM needs some TLC – but the potential is there.

Contact us today to arrange your private viewing and discover what this unique Rangeview property could offer you.