6 Bed House in Cosmo City

6 5 6 285 m² 276

Calling All Cash Buyers - Excellent Investment Opportunity!

Located in a peaceful crescent in the heart of Cosmo City, this property presents a lucrative opportunity for savvy investors.

The original structure features a 2-bedroom home with a bathroom, kitchen, and lounge adorned with tiles and fitted kitchen cupboards. Additionally, there''s an income-generating structure comprising 2 cottages on the ground floor and 2 on the top floor. These units currently generate an average income of R3200.00, with the potential for an increase if kitchenettes and wardrobes are added for tenants.

The primary dwelling has the potential to fetch between R5500 and R6000 in rent, offering a solid return on investment considering the entire property. Plans are in place to confirm approval of the development.

However, there are minimal touch-ups required to align with the approved plans which will allow funding for these improvements to be easily secured through a bank loan, as a single dwelling structure required by the munipality.

Don''t miss out on this opportunity to expand your investment portfolio in a promising location.

Contact us today to arrange a private viewing and secure this lucrative investment!

Property details

  • Listing number T4617915
  • Property type House
  • Erf size 285 m²
  • Floor size 276 m²
  • Rates and taxes R 800

Property features

  • Bedrooms 6
  • Bathrooms 5
  • En-suite 5
  • Lounges 5
  • Open Parkings 6
  • Flatlets
  • Access Gate
  • Kitchen
  • Garden

Photo gallery

>