Universitas, Bloemfontein, Free State ID 1119594
House
2.0
9
A very neat house located in the popular student suburb of Universitas is a perfect investment opportunity for anyone looking to generate rental income. With a total of 9 furnished bedrooms, this property is currently being used as student accommodation. The house features 2 upgraded neatly tiled bathrooms with showers and an additional separate guest toilet. The tiling throughout the house not only adds a touch of elegance but also makes cleaning a breeze, saving both time and effort. The cozy lounge area provides a comfortable space for relaxation, while the spacious kitchen with ample cupboard space is also equipped with a stove, fridge and washing machine. Ample parking available. Alarm. Prepaid water & electricity. PLUS a FLATLET: One of the standout features of this property is the separate 2-bedroom flat, complete with its own lounge, kitchen, and bathroom with a shower. Prepaid electricity meter installed. This outbuilding needs some re-painting. In addition to the functional layout and convenient amenities, the location of this property is also a major selling point. About 1 km from the University. Currently the rooms in the house are occupied and generate an approximate income of R31 617 p/month. (Expenses amounts to +-R6500 which includes water & electricity, Wi-Fi, cleaning and garden services), the flat generates a separate income of R5 490. With demand for student housing on the rise, this property presents a lucrative opportunity for investors looking to capitalize on the rental market. Don't miss out on the chance to own this property - schedule a viewing today!
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