Brokerage | Multi-let Opportunity

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johannesburg West

  • This property on 2 stands boasts a total of generously sized 9-bedrooms and 2-bathrooms in the main dwelling, a separate self-contained outside cottage and a second 3-bedroom 2-bathroom house on the same stand.
  • This property has a lot of work to be done to get it up to standard. An estimated refurb cost of R600 000 was included, however is subject to an official building quote. Please note the amount is over improvised.
  • This property offers so much potential, with a carport parking capacity for 8-10 cars.
  • This property is within walking distance to on of Johannesburg’s Universities, public transport routes and social amenities.
lighstone

Multi-let Opportunity

Asking Price R1 400 000

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

  • 13 tenants at R 2 500
  • Rental Income R 32 500
  • Bond Repayment R 11 710 (@prime 7%)
  • Operating cost R 8 253
  • (Water, rates, management fee, maintenance fee insurance & miscellaneous)
  • Monthly Expenses R 19 936
  • Net Cash Flow R 12 537
  • Annual Cash Flow R 150 444