Brokerage | Multi-let Opportunity

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Johannesburg West

  • Arguably one of the first student accommodation properties in Johannesburg, this furnished property on 468 squares consist of 4 bedrooms 2 bathrooms in the main house and 10 bedrooms and 2 bathroom outside cottage.
  • This Property has a laundry room, 1000-liter JOJO tank and CCTV camera and a shed
  • This property has the capacity to park 4-6 cars
  • Property is close to all major amenities and routes
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Multi-let Opportunity

Asking Price R1 599 000
Capital costs include Incl. transfer, bond, and sourcing fee

  • 14 Tenants at R 2 500
  • Rental Income R 35 000
  • Bond Repayment R 12 397 (@prime 7%)
  • Operating cost R 12 318
    (Water, rates, management fee, maintenance fee insurance & miscellaneous)
  • Monthly Expenses R 24 715
  • Net Cash Flow R 10 285
  • Annual Cash Flow R 123 420