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11 Bed House in Universitas

R 2 950 000

Address: 72 de bruyn street

11 Beds

8 Baths

Can I afford this?

Floor Area 451 m² Land Area 1290 m² Rates R 2200

Welcome to this meticulously maintained property strategically located close to the University of the Free State, offering a lucrative investment opportunity with existing working-class tenants and substantial rental income. Situated in a prime location, this property boasts convenience and comfort, ideal for both tenants and investors alike.

Property Overview

Rental Income: Currently generating over R40,000 per month, this property presents a robust income stream with rental contracts in place for 2024.

Unit Composition: Consisting of seven flats, each designed for modern living and convenience.

Unit Details:

Two-Bedroom Flat: Featuring a spacious layout with a kitchen, lounge, two bathrooms, sliding door entrances, and a prepaid electricity meter. Two parking spaces are available in front of the unit.

One-bedroom flat Offering an open-plan living and kitchen area, a bathroom with a shower, toilet, and basin, prepaid meter, and allocated parking space.

Two Bachelor Flats Each is equipped with an open-plan kitchen and lounge, a bathroom with shower, toilet, and basin, prepaid meters, and individual sliding door entrances.

Two-Bedroom Flat: Featuring a contemporary kitchen setup, a shared bathroom with shower, toilet, and basin, and a prepaid electricity meter.

Spacious Three-Bedroom Flat: Includes a bathroom with a bath, basin, and shower, a separate toilet, a kitchen, and individual sliding doors for backyard parking.

Additional Bachelor Flat: Comprising a kitchen, and bathroom with shower, toilet, and basin. Electricity is included in the rental amount.

Property Amenities:

Communal Pool: Perfect for relaxation and leisure activities.

Laundry Room: Convenient facilities for tenants'' laundry needs.

Communal Braai Area: Ideal for social gatherings and outdoor entertainment.

Communal Garden: Offering a serene and landscaped outdoor space for residents to enjoy.

Security Features: Two electric gates ensure secure access to the property.

Don''t miss this exceptional opportunity to invest in a well-maintained property with established tenants and strong rental income potential. Contact us today to schedule a viewing and secure your investment near the University of the Free State.