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Smart investment opportunity in Khayelitsha
R 950,000
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13 days ago40 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):Studio or Bachelor Pad
Bathrooms (#):4+
Parking:Covered
Description
Welcome to this fantastic investment property in the bustling neighborhood of Khayelitsha! Located near a main road and with excellent access to public transport, 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 and small kitchen. The remaining five units are situated on the ground floor and share a communal bathroom. Each tenant is provided with pre-paid electricity meters, DSTV connection point and a communal laundry drying area.
The property is currently 90% occupied, 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.
The location of this property is unbeatable, with easy access to schools and a range of convenience facilities, including shops, restaurants, and entertainment options. With its excellent location and steady income stream, this property is a must-see for any investor looking for a great opportunity in Khayelitsha. Don't miss out on this fantastic investment opportunity.
Viewings will be by appointment only.
Property Reference #: 7002001-30349
Agent Details:
Tumelo Nyepela
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
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 and small kitchen. The remaining five units are situated on the ground floor and share a communal bathroom. Each tenant is provided with pre-paid electricity meters, DSTV connection point and a communal laundry drying area.
The property is currently 90% occupied, 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.
The location of this property is unbeatable, with easy access to schools and a range of convenience facilities, including shops, restaurants, and entertainment options. With its excellent location and steady income stream, this property is a must-see for any investor looking for a great opportunity in Khayelitsha. Don't miss out on this fantastic investment opportunity.
Viewings will be by appointment only.
Property Reference #: 7002001-30349
Agent Details:
Tumelo Nyepela
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274194451
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Estimated monthly repaymentR 10,296
Total property loan amountR 950,000
Total interestR 1,520,853
Total repaymentR 2,470,853
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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EXP Realty
Selling for 2+ years
Total Ads7.26K
Active Ads7.26K
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3.68MTotal Views
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