Multi-functional Investment Property 3 Bed two Baths & Flatlet and Cottage Crosby
Multi-functional Investment Property 3 Bed 2 Baths & Flatlet and Cottage Crosby
Discover this versatile and income-generating property located in the heart of Crosby just minutes away from Auckland Park and within proximity to all three major Universities in Johannesburg Ideal for Families and students and investors.
This property offers three different Living spaces making it perfect for extended Families or rental income opportunities.
Property Features
Main House
- 3 Spacious Bedrooms
- 1 bathroom
- Comfortable living and dining areas
- Functional Kitchen
Flatlet
- 2 Large bedroom upstairs
- Bathrooms
- Open plan Kitchen Lounge and Dining room area downstairs
Cottage
- Kitchen
- Lounge
- 1 Bedroom
Investment Highlights
Currently rented out in full generating a monthly income of R18000 pm plus utilities
Ideal for Buyers seeking a home with rental existing rental income
-Excellent opportunity to offset Bond repayment with rental income
Monthly bond repayments R15 500 pm @ 10,5% (prime) current income will cover monthly bond repayments
and rates.
if you purchase the property in cash than your looking at return on investment of 1,2% per month and 13.9% per annum, this a multi tenanted property so you don't run the risk of loosing all tenants simultaneously
Central located near Auckland near University of JHB, WITS University, close Millpark Hospital and Campus Square shopping Centre
Property
The municipal valuation R 2 200 000.
Please note that no offers under R1,5m will be considered at this time if your serious about purchasing the property
than look at the rental income that this property generates in relation to the selling price of R 1 550 000. There is big demand in the Crosby area for rental property and Tenants are easy to find.
Discover this versatile and income-generating property located in the heart of Crosby just minutes away from Auckland Park and within proximity to all three major Universities in Johannesburg Ideal for Families and students and investors.
This property offers three different Living spaces making it perfect for extended Families or rental income opportunities.
Property Features
Main House
- 3 Spacious Bedrooms
- 1 bathroom
- Comfortable living and dining areas
- Functional Kitchen
Flatlet
- 2 Large bedroom upstairs
- Bathrooms
- Open plan Kitchen Lounge and Dining room area downstairs
Cottage
- Kitchen
- Lounge
- 1 Bedroom
Investment Highlights
Currently rented out in full generating a monthly income of R18000 pm plus utilities
Ideal for Buyers seeking a home with rental existing rental income
-Excellent opportunity to offset Bond repayment with rental income
Monthly bond repayments R15 500 pm @ 10,5% (prime) current income will cover monthly bond repayments
and rates.
if you purchase the property in cash than your looking at return on investment of 1,2% per month and 13.9% per annum, this a multi tenanted property so you don't run the risk of loosing all tenants simultaneously
Central located near Auckland near University of JHB, WITS University, close Millpark Hospital and Campus Square shopping Centre
Property
The municipal valuation R 2 200 000.
Please note that no offers under R1,5m will be considered at this time if your serious about purchasing the property
than look at the rental income that this property generates in relation to the selling price of R 1 550 000. There is big demand in the Crosby area for rental property and Tenants are easy to find.
Monthly Rates
R2,100
Features
Interior
Exterior
Sizes
Listing Info
Print
Moenief Schroeder
Candidate Property Practitioner
Crosby, Johannesburg
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
