welcome to an Investment property that actually makes sense financially.
6 bedroom investment property
Property pays for itself. Rental income covers the bond!
Property fully rented out
This is not a student accommodation, all tenants are young professionals.
Total rental income for property R23000 per month (water and electricity paid separately by tenants)
all tenants willing to stay on.
Registered as a residential property.
Main house has
3 spacious bedrooms (built in cupboards) (one with walk in closet)
2 bathrooms (shower, toilet, basin)
kitchen (built in cupboards)
Lounge
Main house currently rented out to 3 female tenants on individual leases.
But can be utilised as a family home, with one flatlet being easily converted back into a second spacious lounge and then just . gain rental income from the additional flatlets
3 flatlets onsite
1 large flatlet consisting of lounge, kitchen, bedroom (built in cupboards) and ensuite bathroom with own private garage and private braai area and private back yard with outside toilet for chill sessions.
2 medium sized flatlets consisting of tv room with kitchenette, bedroom (built in cupboards) with ensuite, parking on site secured behind garage door
multiple separate geysers installed
House has 3 garage entrances from the street.
One garage entrance to large flatlet on the left
One garage entrance to main house in the middle
One garage entrance to two flatlets on the right
locked and secured parking available for all tenants.
Back yard has enough space to build multiple braai areas
unused outside room perfect to turn into a laundry room
all flatlets currently tenanted
Total rental income for property R23000 per month (water and electricity paid separately by tenants)