7 Bed Flat in Schonkenville

R 820 000

Jabu Tjeko

Harcourts-Parys

7 Bed Flat in Schonkenville

R 820 000

7 Beds
7 Baths
Land Area 496 m² Rates R 2000

Are you looking for Cash Flow investment. Look no further than grabbing this opportunity, it is a business-going concern.

With the high demand for affordable accommodation in Township, this type of product comes once in the market.

* 7 units, with each 1 bedroom, and built-in wardrobe.

*Each unit has its own pre-paid meter & geyser.

* 4 closed carports and a driveway packing.

*Electrical gates.

*fully occupied with long lease tenants

*Current rental R1 400 per month.

*Total rental income R9800 per month.

*Total Expenses including Municipal rates& taxes R2000 per month.

*Net Rental Income R7800 per month.

If you do, your maths, using the 1% average ratio, with the current interest rate of 7% / 8% maximum, R6 357 - R6 859 give or take. this will more than cover your mortgage bond.

To view this property and any other property request, give me a call.

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Key Property Features

7
Bedrooms
7
Bathrooms
4
Covered Parkings
7
Lounges
Pet Friendly

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Jabu Tjeko

Jabu

Tjeko

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7 Bed Flat in Schonkenville

R 820 000

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