Springs, Springs, Gauteng ID 1321406
House
3.0
14
747m2
This is the investment property you have been looking what makes this property a good deal is that its a bargain the property is worth R900 000 but selling for R650 000 its selling for less because of the condition its in. but property is currently making R8 900 its not yet fully tenanted when its fully tenanted it makes R15 400 The main house has 6 bedrooms making R5500 Outside there is a garage which has a tenant paying R1000 6 cottages outside making R1300 each which equals R7 800 Another individual cottage making R1200 when you add up all the amounts that's how we get to the R15 500 monthly rental amount. At the selling price of R650 000 your looking at a monthly bond of R7 050 which leaves you with R8 450 difference this property is perfect for people working at springs central as its a walking distance to most working area's Every room has its own electricity meter. Expansion Opportunities: Rooms need to be upgraded to generate more income. Unlock the full investment potential of this grand investment property and explore the lucrative opportunities it presents. This property is perfect for those looking to invest in a versatile and income-generating asset. Seeing is believing! Don't miss out on this fantastic opportunity. Contact us today to schedule a viewing and make this lovely property your own. Reach out now to secure your investment in this promising property at Springs.
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