13 Bedroom House in Athlone

R 3 650 000

Jason Morris

Tyson Properties-City Bowl

13 Bedroom House in Athlone

R 3 650 000

Can I afford this?
13 Beds
8 Baths
Floor Area 174 m²
Land Area 534 m²
Rates R 1044

Tyson Properties is thrilled to introduce this outstanding property situated near Klipfontein Road, bordering Rondebosch, Mowbray and Athlone.

The 534m, double story property consists of 13 bedrooms, all of which are currently tenanted, with some leases extending to the end of January 2017 and the others to the end of February 2017.

All the tenants are mature, reliable working class people and each room brings in between R2 800 and R4 000 per month generating an exceptional total of R42 000.

There are 8 bedrooms in the main house and 4 bachelors, that all have kitchenettes and bathrooms, which are separate to the main house.

New minimum rentals from March 2017 (can easily be increased):

Room 1: R3 000

Room 2: R3 100

Room 3: R3 100

Room 4: R2 800

Room 5: R3 000

Room 6: R3 000

Room 7: R3 100

Room 8: R3 400

Bachelor 1: R4 000

Bachelor 2: R3 500

Bachelor 3: R4 000

Bachelor 4 (2 bedroom currently used as massage therapy studio): R6 000

The property is surrounded by an electric fence and there is designated parking for 7 vehicles.

This is truly a remarkable opportunity to obtain a profitable investment that is consistently operating smoothly in a rapidly growing area, close to major freeways and universities.

Contact me ASAP to arrange a viewing.

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Key Property Features

13
Bedrooms
8
Bathrooms
7
Covered Parkings
Alarm
Balcony
Garden
Kitchen
Patio

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Jason Morris

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13 Bedroom House in Athlone

R 3 650 000

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