3 Bedroom House in Crosby

Multi-functional Investment Property 3 Bed 2 Baths & Flatlet and Cottage Crosby

Discover this versatile and income-generating property located in the heart of Crosby just minutes away from Auckland Park and within proximity to all three major Universities in Johannesburg Ideal for Families and students and investors.

This property offers three different Living spaces making it perfect for extended Families or rental income opportunities.

Property Features

Main House

- 3 Spacious Bedrooms

- 1 bathroom

- Comfortable living and dining areas

- Functional Kitchen

Flatlet

- 2 Large bedroom upstairs

- Bathrooms

- Open plan Kitchen Lounge and Dining room area downstairs

Cottage

- Kitchen

- Lounge

- 1 Bedroom

Investment Highlights

Currently rented out in full generating a monthly income of R18000 pm plus utilities

Ideal for Buyers seeking a home with rental existing rental income

-Excellent opportunity to offset Bond repayment with rental income

Monthly bond repayments R15 500 pm @ 10,5% (prime) current income will cover monthly bond repayments

and rates.

if you purchase the property in cash than your looking at return on investment of 1,2% per month and 13.9% per annum, this a multi tenanted property so you don''t run the risk of loosing all tenants simultaneously

Central located near Auckland near University of JHB, WITS University, close Millpark Hospital and Campus Square shopping Centre

Property

The municipal valuation R 2 200 000.

Please note that no offers under R1,5m will be considered at this time if your serious about purchasing the property

than look at the rental income that this property generates in relation to the selling price of R 1 550 000. There is big demand in the Crosby area for rental property and Tenants are easy to find.