INVESTMENT OPPORTUNITY!!! 3 homes for the price of one. Yes you read right, 3 homes for the price of 1. This property will have excellent rental return once you have put your mark on it. Currently property does need work but at the end of the day this would be an excellent investment.
The property could be rented out as 3 individual units or be used as one large family home for the extended family that loves to stay together.
Each unit is identical, As you enter the front door on your left is your entry to your garage and to the right the entry to your unit, with 3 spacious bedrooms up stairs and two bathrooms, the main bedrooms have dressing rooms. Plenty of cupboard space in each bedroom.. bedrooms are very spacious.
You have open plan living areas which are very spacious. Garages can be accessed from with in the property which is very safe. The layout of the units were well thought through. Units are not small at all
Units are well secured with burglar bars and security doors.
The property is adjacent to the Musjid-e-Mahmood mosque and 3 doors down away from Al Khair Madrasah School.
The current rent achieved is R240K per annum. This can be pushed up to R270K by charging R7500 a unit - But (it has been left as is as there are a set of reliable tenants that have been renting for 8years and pay well on time. The property can also be converted from a 3x3 property to 6x3 bedroom property.
Or it could be sectionalized into separate titles making each unit worth R850 000 prudently
Don''t delay and come view this property and put in an offer, bonds are well in this area
Key Property Features
Contact Agent
Need a home loan?
