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10 Bedroom house in Mfuleni For Sale
R 1,100,000
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12 days ago19 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):Studio or Bachelor Pad
Bathrooms (#):4+
Size (sqm):200
Description
Smart investment opportunity in Mfuleni!
Looking for your next great investment? Look at this one.
Welcome to this fantastic investment property in the bustling neighborhood of Mfuleni!
This property is perfectly situated to take advantage of all the conveniences that the area has to offer.
This property boasts ten rental units, providing an excellent opportunity for a savvy investor to generate passive income. Five of the units are located on the first floor and each comes equipped with its own bathroom. The remaining five units are situated on the ground floor. Each tenant is provided with pre-paid electricity meters, DSTV connection point and own bathroom.
The property is currently generating a total rental income of R18700 per month (main house included), with a positive cash flow from the transfer of existing tenant leases to the new owner. This makes it an ideal investment opportunity for someone looking for a turnkey property with a steady income stream.
With its excellent location and steady income stream, this property is a must-see for any investor looking for a great opportunity in Mfuleni.
Perfectly positioned and priced to sell.
We assist with bond applications.
Call to arrange your private viewing now!
Property Reference #: ENT0257873
Agent Details:
Tamia Vena
KW Explore Atlantic
55 Somerset Road, Somerset Square Unit c5,DeWaterkant,Greenpoint 8005, Green Point, Cape Town, Wes
Looking for your next great investment? Look at this one.
Welcome to this fantastic investment property in the bustling neighborhood of Mfuleni!
This property is perfectly situated to take advantage of all the conveniences that the area has to offer.
This property boasts ten rental units, providing an excellent opportunity for a savvy investor to generate passive income. Five of the units are located on the first floor and each comes equipped with its own bathroom. The remaining five units are situated on the ground floor. Each tenant is provided with pre-paid electricity meters, DSTV connection point and own bathroom.
The property is currently generating a total rental income of R18700 per month (main house included), with a positive cash flow from the transfer of existing tenant leases to the new owner. This makes it an ideal investment opportunity for someone looking for a turnkey property with a steady income stream.
With its excellent location and steady income stream, this property is a must-see for any investor looking for a great opportunity in Mfuleni.
Perfectly positioned and priced to sell.
We assist with bond applications.
Call to arrange your private viewing now!
Property Reference #: ENT0257873
Agent Details:
Tamia Vena
KW Explore Atlantic
55 Somerset Road, Somerset Square Unit c5,DeWaterkant,Greenpoint 8005, Green Point, Cape Town, Wes
Id Subtitle 1277455426
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Estimated monthly repaymentR 11,921
Total property loan amountR 1,100,000
Total interestR 1,760,987
Total repaymentR 2,860,987
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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KW Explore Atlantic
Selling for 2+ years
Total Ads288
Active Ads288
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