Property features

R3 495 000

Property Details

EXCEPTIONAL RETURNS ! SPACIOUS INDEPENDENT UNITS ! DOUBLE STAND CORNER PROPERTY - 7 GATES ! ACCESS FROM 3 ROADS ! IDEALLY LOCATED IN A PRIME AREA NEAR ALL AMENITIES - SCHOOLS, SHOPS MAJOR ROUTES ! FULLY LET, LOW TURN OVERS ! LONGSTANDING TENANTS ! / BOOST your Portfolio Income with this Unique Multi Unit / Tenanted Income Generating Property Developed into 7 Spacious and Independent Units over time by the owner, offering Private Gardens, Own access via automated gates and spacious living units. Access via x 3 streets to each property entrance gate. Units: Consisting of 1 and 2 Bed Units, all with Own private gardens and access gates Unit 1 R6000 pm Unit 2 R9000 Unit 3 R7000 Unit 4 R7000 Unit 5 R8000 Unit 6 R9000 Unit 7 R9000 (currently owner occupied) TOTAL Gross R55 000 Expenses Rates, Water, Sewer, Refuse R2600 Elec Pre paid - R13000 Net Income plus minus R30k pm (10.3% R.O.I.) Demand is excellent for these Units. General exterior needs TLC Units interior neat and modern - no work required as is, with some improvements income can be adjusted accordingly. Call us today to enquire on this FABULOUS opportunity !