Prime Location, Strong Rental Income Potential

Discover the potential of this outstanding property located just 500 meters from central Moshono, along the prestigious Excel Onsea Road. This property offers both immediate rental income and long-term investment opportunities in a growing area.

Key Features:

• Four Separate Dwellings with established tenants
• Spacious Green Lawns and well-maintained gardens
• Ample On-Site Parking, with one space per dwelling
• Secured Compound, fully walled and gated
• Two Lockable Storage Rooms
• Reliable Water Supply, with a water storage tank, well water, and municipal connection
• Recently Refurbished Dwellings, including fresh paint and meticulous maintenance

Dwelling Highlights:

Apartment 1:

• Fully renovated with modern fixtures
• Security doors, aluminum windows, and energy-efficient LED lighting
• Equipped kitchen, hot water system, and contemporary fittings

Prime Location:

• Just 500 meters from Mandela Road, offering easy access to shops, schools, churches, and public transportation
• Only 12 minutes by car to the Clocktower, providing convenient access to city amenities

Current Rental Income:

• Servant’s Quarters: 180,000 TZS
• Main House: 300,000 TZS
• Apartment 1: 350,000 TZS
• Apartment 2: 300,000 TZS

Annual Income Potential:

• Total Annual Income: 13,560,000 TZS
• Net Return: 4.04%, with potential for annual rent increases

Outgoings:

• Quarterly municipal water expenses (paid by tenants)
• Variable taxes
• Maintenance covered by a weekly gardener

Land Size:

• 1023 SQM of expansive, well-positioned land

Future Potential:

With its prime location and solid rental income, this property offers excellent future development potential. Whether you’re looking to maintain a steady cash flow or capitalize on future growth in the area, this is a rare opportunity you won’t want to miss.