Property features

R1 250 000

Property Details

LOW MAINTENANCE PROPERTY ! IDEAL FOR NEARBY TEVT COLLEGE STUDENTS - OR TAMBO HOSPITAL EMPLOYEES - PRIME LOCATION ! FULLY TENANTED ! HIGH DEMAND PROPERTY ! MODERN FITTINGS - UPGRADED UNITS ! ALL 4 UNITS WITH NEW KITCHENS, NEW QUALITY BEDROOM BUILT IN CUPBOARDS AND MODERN FLOOR TILES IN ALL 4 FLATS ! This IDEAL INVESTMENT PROPERTY OFFERS: 4 x 1 Bedroom Flatlets HUGE (EASILY Modify into 2 Bedrooms) *****USED AS 2 BEDROOM FLATS***** Each Flat boasts Spacious Double Volume Tiled Lounge areas Newly Fitted Modern Kitchens Spacious Bedrooms with Modern Floor Tiling Bathroom with Bath Toilet and Basin All Units with Pre paid elec and Water meters The extra spacious Lounges can easily be converted into another bedroom area, whilst still leaving a good sized Lounge area, Increasing income potential. Current Income R16800 p/m Gross (R4200 / UNIT) Water and Electricity Metered RATES R800 Utilities R260 (REFUSE) R541 (SEEWER) NET INCOME R16 000 pm (15% R.O.I) PRICE REDUCED - WAS R1.350K Zoned RESIDENTIAL 4: Residential 4, with primary rights for Dwelling House, Dwelling Units, Residential Building (Excluding Boarding Rooms), Retirement Village This is ideal for STUDENT ACCOMMODATION / Income generating property - Low maintenance Units and all units in MINT CONDITION. Call me today !!