Land Area 495 m²
Rates R 2000
INVESTMENT OPPORTUNITY!
Fully tenanted block of Flats of only 4 Units, each apartment was originally a 3 bed, lounge, dinning, bathroom and kitchen.
Partitioning has turned each dwelling to a 5 bedroom home yielding a magnificent rental income.
There are 2 rooms at the back/basement of this building. Prepaid electricity. Parking for 5 cars in front of the building.
Total monthly rental income for the entire property is R40 500 gross and nett being plus/minus R25 500. The net income base could be increased by water metering.
Fully let at the time of listing.
Key Property Features
22
Bedrooms
5
Bathrooms
1
Dining Areas
1
Lounges
5
Open Parkings
✔
Kitchen
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