8 Bed House in Delft South

Here is any income generating opportunity. The property is a multi net property with 8 bachelor flats. This property is suitable for cash buyers or property investors and business minded buyers. There are 8 well maintained, neat apartments in the property. There are 4 big rental units/ apartments in the front and another 4 smaller rental units/ apartments at the back. Each unit has its own bathroom with shower, sink basin and toilet with a mini kitchen in the open plan space of the lounge and bedroom.

Monthly Rental Income Generated

2 Bedroom unit = R3 000/m

Bacherlor flat 1 - ground floor = R2 300/m

Bacherlor flat 2 - ground floor = R2 300/m

Bacherlor flat 3 - upstairs = R2 300/m

Bacherlor flat 4 - upstairs = R2 300/m

Bacherlor flat 5 - ground floor = R1 600/m

Bacherlor flat 6 - ground floor = R1 600/m

Bacherlor flat 7 - upstairs = R1 600/m

Bacherlor flat 8 - upstairs = R1 600/m

Here is any income generating opportunity. The property is a multi net property with 4 bachelor flats and a 2 bedroom unit at the back. Two flats are upstairs while the other two are on the ground floor with the 2 bedroom unit in front. The apartments look very nice and clean inside and each apartment has its own bathroom with a shower, sink basin and toilet. The apartments are well maintained and are both currently being use business rentals. Situated in a popular part of Delft, opposite Abedare Primary School. The apartments have a smart open plan design with nice tiling of the floor, a washing machine socket and a mini kitchen all in one.

There are 4 units at the back, each with it''s own ensuite bathroom and another unit at the front also with it''s own ensuite bathroom thus making a total of 5 units in the yard.

The big units are currently being rented out at R2 300/m each and the smaller units are being rented out for R1 600/m each thus making a combined rental income of R15 600/ m. Electricity averages R700/m which is shared amongst the tenants renting the property.

Currently there is parking for 2 cars inside the secured yard with space for a washing line and the high walls surrounding the premise with a locked gate. The current total rental income is R15 600/m and has easily increase to R18 000/m.

Situated in the quiet street of Delft South Suburban and within close proximity to the shopping centre, clinic, schools, public transport and sporting facilities.

You can call me, email or WhatsApp me to set up viewing.