Brokerage | Multi-let Opportunity

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johannesburg West

  • This property on 669 sqm contains 6 beds in the main house and 2 bathrooms and 2 outside cottages. The property has capacity of accommodating 12 tenants.
  • Property has carport parking for 4 cars. And in yard parking space for approximately 8 cars.
  • This property overlooks one of the major universities in Johannesburg and is within walking distance from all major public transport routes and amenities.
  • This property has pre-paid electricity with each room fitted with its own sub meters.
report

Multi-let Opportunity

Asking Price R 2 200 000

Capital Costs R 2 898 680

Capital costs include Incl. transfer, bond, and sourcing fee

  • 12 tenants at R 3 250
  • Rental Income R 39 000
  • Bond Repayment R 18 402 (@prime 7%)
  • Operating cost R 11 382
  • (Water, rates, management fee, maintenance fee insurance & miscellaneous)
  • Monthly Expenses R 29 784
  • Net Cash Flow R 9 216
  • Annual Cash Flow R 110 592
    Disclaimer: Potential investors will be required to sign a non-disclosure agreement before viewing the property