5-Unit Income Property with N1 Frontage | Ferreira, Bloemfontein | R46 000/pm

Situated in Ferreira — a small country village with direct N1 national highway frontage on the outskirts of Bloemfontein, Free State — this fully tenanted multi-unit residential property delivers immediate, measurable returns from day one. With five individually metered units spread across a generous 17 124 m² erf, this is a rare opportunity for investors seeking a self-sustaining income portfolio in a high-visibility, low-competition location within the Mangaung municipal area.

All five units are currently occupied, generating a combined gross rental income of R46 000 per month. Each unit is independently billed for both electricity (prepaid meters) and water (individual municipal meters), which dramatically reduces the landlord's overhead burden and simplifies long-term management. An on-site sewerage system and a borehole (currently non-operational) provide additional utility infrastructure that could further reduce future costs once restored.

The property's N1 exposure opens doors well beyond standard long-term rental use. The layout, scale, and country village setting make it naturally suited to conversion or repositioning as a guesthouse, B&B, Airbnb operation, or boutique accommodation business. Investors with a development eye will also note the sectional title potential — units can potentially be unbundled and sold individually, offering a compelling value-unlock strategy that significantly amplifies the overall return on investment. Bus and minibus taxi services operate nearby, supporting tenant accessibility and occupancy stability.

— Unit Breakdown —

• Unit 1: 3 bed | 2 bath (en-suite + shared) | lounge | kitchen | indoor patio | double undercover parking | back yard
• Unit 2: 3 bed | 2 bath (en-suite + shared) | lounge | kitchen | indoor patio | parking garage | double undercover parking | garden
• Unit 3: 2 bed | 2 bath (en-suite + full bath) | living room | kitchen | double garage | staff quarters (toilet & shower) | garden
• Unit 4: 3 bed | 2 bath (en-suite + full bath) | living room with fireplace | kitchen | double garage | garden
• Unit 5: 3 bed | 2 bath (en-suite + full bath) | living room | kitchen | staff quarters (toilet & shower) | garden

Key Specs:

• Erf size: 17 124 m² (1.712 ha)
• Units: 5 residential, all tenanted
• Total bedrooms: 15 | Total bathrooms: 10
• Kitchens: 5 (one per unit)
• Parking: 15 spaces (mix of garages, undercover & carports)
• Utilities: Individual prepaid electricity meters per unit | Individual municipal water meters per unit
• Backup water: Borehole installed (non-operational)
• Security: Electric fencing | Burglar bars | Fully enclosed
• Sewerage: On-site system
• Rates & taxes: R2 120.40 per month
• Zoning: General Residential
• Municipality: Mangaung, Free State