R 1 280 000
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10 Bed House in Cosmo City

10 3

This amazing investment opportunity is waiting for you!

This property has 8 outside rooms generating an income of R1800 each and a 2 bedroom main house at R3500 per month, all the rooms have tiles and ceilings and are fully occupied with tenants, it also has 2 communal showers and 2 toilets. There are no renovations needed, so you can take over and start generating an income from day one.

This property is in great condition and very well maintained. The yard is fully secured with a wall fence surrounding it and a security gate.

The total rental income of this property is estimated at R18 000 per month with the possibility of being increased in the future due to the seller currently charging low rental price. The seller should be collecting around R20 000 per month for this property. Return on your investment is estimated at +- 5 years.

The property is situated next to main roads, taxi routes and shopping centers making it convenient for all that occupy it. Don''t miss out on this awesome opportunity!

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Property details

  • Listing number T4695050
  • Property type House
  • Rates and taxes R 500

Property features

  • Bedrooms 10
  • Bathrooms 3

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