This one is already working as a great investment.
Currently fully occupied as student accommodation with 3 tenants paying R1,800 each per month — that is R5,400 gross income every month from a R200,000 investment.
After levy and municipality costs of R2,300 per month, the net return is around R3,100 per month. That is a gross yield of over 32% per year.
Five-minutes walk to the Klerksdorp CBD and close to the N12, this location is exactly what student tenants need.
2 rooms plus the lounge currently generating income
Fully occupied: income from day one
Undercover parking bay
Kitchen
Bathroom
Prepaid electricity meter
Levy R1,000 per month
Municipality R1,300 per month
Buy it and keep it running exactly as it is, the tenants are already there. Or can make it your new home.
Call or WhatsApp MC to arrange a viewing.