ref # 1469

 ref # 1469

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R 1 600 000

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6
5
6
± 998 m2
R 1633.9  / m

Property Features
Access Gate
Built In Cupboards
Fence
Garden
Kitchen
Laundry
Lounge
Paving
Scullery

INVESTORS DREAM IN NORKEM PARK!

Don’t miss this rare opportunity to own 5 income producing units on one property with immediate cash flow.

This property is ideal for the serious investor or for a family looking to live in one unit and rent out the rest to offset the bond.

RENTAL BREAKDOWN - ESTIMATED R25,500 PER MONTH:
- 2 x 2 Bedroom Units @ R6,500 each
Each unit offers: Lounge, open plan kitchen, laundry, 2 bedrooms, 1 bathroom
- 1 x 1 Bedroom Unit @ R5,000
Lounge, open plan kitchen, bedroom, bathroom
- 1 x 1 Bedroom Unit @ R5,000
Lounge, bedroom with modern open plan bathroom, very nice kitchen
- 1 x Bachelor Rental Room @ R2,500
Room with shower and toilet

Total Estimated Monthly Income: R25,500
Total Estimated Annual Income: R306,000

PROPERTY FEATURES:
- Units: 5
- Total Bedrooms: 5+
- Total Bathrooms: 4+
- Parking: Extra garaging and storage space
- Driveway: Big long driveway
- Other: Store room
- Location: Norkem Park - High rental demand area close to schools, shops and major routes

This is a business opportunity of a lifetime. Properties with this rental return don’t stay on the market long.



KEY FEATURES:
- Price: R1,600,000
- Bedrooms: 6+
- Bathrooms: 5+
- Parking: Garaging and open parking.
- Property Type: Residential Investment
- Erf Size: 99 m2



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