Property description
This property offers a great opportunity for an investor or a large family looking for extra rental income.
Main House
The main house offers:
• 3 bedrooms
• 2 bedrooms with ensuite bathrooms
• 1 family bathroom
• One bedroom has its own lounge area
• Kitchen with built-in cupboards
• Pantry
• Gas stove
•
Income-Generating Flats
The property also has four separate rental units:
Flat 1
2 bedrooms
Kitchen
Bathroom
Rental income: R6,400 per month
Flat 2
Bachelor flat
Rental income: R4,300 per month
Flat 3
1 bedroom
Kitchenette
Bathroom
Rental income: R4,000 per month
Flat 4
1 bedroom
Kitchenette
Bathroom
Rental income: R3,800 per month
Rental Income
The flats currently generate a total rental income of R18,500 per month.
This property is ideal for an investor looking for a property with existing rental income. The main house also offers the opportunity for additional income or can be used as a family home.
- Flatlet
- Freehold
- Pets Allowed
- Laundry
- Flooring: Tiles
- Walling: Fully Walled
Location rating
Nearby Transport
Nearby Education
Nearby Other
Request property details from Harcourts Mercantile
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Agents
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
