This home has been sectioned off into a total of 5 separate flats. Currently earning an income of approximately R 9 500 per month and potential to earn more.
Each units has its own pre paid meter installed.
Flat 1 consists of a bathroom with a toilet and shower. Open plan lounge and kitchen area and separate bedroom.
Flat 2 has a large bedroom with an en suite bathroom with a toilet, basin and bath. A separate kitchenette and pantry cupboard.
Flat 3 consists of a separate kitchen, bathroom with toilet, basin and bath and a separate bedroom.
Flat 4 consists of an open plan lounge and kitchen area, a bedroom with an ensuite with toilet, basin and shower.
Flat 5 has an open plan lounge and kitchen area, 2 bedrooms and a bathroom with toilet, bath and basin.
There is a single garage and opportunity to add in carports or off street parking for tenants. The single garage can be utilized as storage space or for a tenants vehicle.
With some TLC this property is well worth the cost input for a great monthly amd annual return on investment.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
