Brokerage | Multi-let Opportunity

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Johannesburg West

  • This property located in a quiet street of the suburb has a main house with 4 bedrooms and 3 outside cottages.
  • The property has 4 single rooms and 5 sharing, with the capacity to accommodate 14 tenants.
  • The main house is 95% tenanted. One sharing bed is currently vacant. 2 of the 3 outside cottages are vacant.
  • Outside cottages are equipped with a kitchenette and an outside sharing bathroom.
  • The property is close to all major routes and amenities
  • The property is sold furnished and has a fitted alarm system with fibre connected.
repot

Multi-let Opportunity

Asking Price R 1 650 000

Capital Costs R 1 913 794

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

  • 14 tenants at R 2 450
  • Rental Income R 34 000
  • Bond Repayment R 13 801 (@prime 7%)
  • Operating cost R 9 090
    (Water, rates, management fee, maintenance fee insurance & miscellaneous)
  • Monthly Expenses R 22 891
  • Net Cash Flow R 11 109
  • Annual Cash Flow R 133 308
    Disclaimer: Potential investors will be required to sign a non-disclosure agreement before viewing the property