Brokerage | Multi-let Opportunity

2f8865be 072d 441e a494 9831af080af6

Johannesburg South

  • This property on 471 squares consist of 4 bed Bedrooms and 2 Bathrooms.
  • This Property has 2 separate outside cottages consisting of a bachelor and 2 bed 1 bath.
  • This property has capacity to accommodate 11 multi-let tenants
  • This property has carport parking for 2 cars
  • Property is close to all major amenities and routes
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Multi-let Opportunity

Asking Price R1 450 000
Capital costs include Incl. transfer, bond, and sourcing fee

  • 11 tenants at R 2 500
  • Rental Income R 27 500
  • Bond Repayment R 11 242(@prime 7%)
  • Operating cost R7 400
  • (Water, rates, management fee, maintenance fee insurance & miscellaneous)
  • Monthly Expenses R 18 642
  • Net Cash Flow R 8 858
  • Annual Cash Flow R 106 296