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R 2 499 000
9 Bedroom House for Sale in Summerstrand
Port Elizabeth, Summerstrand
9 Bedroom House for Sale in Summerstrand
Port Elizabeth, Summerstrand
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Prime Investment Opportunity: Fully Accredited Grade B Student Accommodation
Unlock the potential of this fully accredited Grade B student accommodation, perfectly positioned within walking distance of Nelson Mandela University. With immediate income generation and a proven track record, this property offers a compelling investment for those seeking stable and reliable returns.
Key Features and Benefits
- Tenant Profile: Currently housing 7 NSFAS-funded students and 2 private, cash-paying students. Financial statements from current tenants are available upon request.
- Prime Location: A short walk from NMU, ensuring consistent demand year-round.
- Spacious Grounds: Set on a large erf with a partially enclosed entertainment/braai area, offering space for relaxation and socializing. Additional parking is available with room for future expansion if desired.
- Low Maintenance Design: Built for durability and ease of upkeep, making it an ideal choice for student living.
Property Specifications
- Bedrooms: 9, accommodating multiple tenants comfortably.
- Bathrooms: 3, designed to suit shared living arrangements.
- Kitchens: 2 – a full kitchen and a convenient kitchenette for added flexibility.
- Living Area: A generous living room that flows seamlessly into the entertainment space.
Why Invest?
With its established tenant base and sought-after location near NMU, this property delivers dependable rental income and long-term growth potential. Whether you're a seasoned investor or entering the market, this opportunity checks all the boxes for success.
Don't Miss Out!
Schedule a viewing today to explore the possibilities of this outstanding investment.
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