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Emmigration Sale - Income Producing
R 1,799,000
Can I afford this?14 Photo(s)
1 month ago34 views
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General Details
Location:
Description
Subject property comprises of a double corner stand. The house is currently two storeys & well maintained with prepaid electricity meters throughout.
There are 16 tenanted units, 14 of which are residential and 2 shops. There is a massive Gross Income of R60 000.00 & a NETT INCOME of R48 000.00.
All the residential units are self-contained with bathroom & kitchen facilities except the single units share between them. The units are extremely spacious for the area & the rentals are very competitive, providing long standing tenants. The exterior of the property consists of a Spaza & Television repair shop as well as 2 of the single & 2 en-suite units. The interior of the house consists of the remaining 10 units. There is additional upside to easily bulk the area behind the house.
Property Reference #: CL200
Agent Details:
Ross Diamond
Jack Russell Estates
85 Linksfield RoadEdenvale1609
There are 16 tenanted units, 14 of which are residential and 2 shops. There is a massive Gross Income of R60 000.00 & a NETT INCOME of R48 000.00.
All the residential units are self-contained with bathroom & kitchen facilities except the single units share between them. The units are extremely spacious for the area & the rentals are very competitive, providing long standing tenants. The exterior of the property consists of a Spaza & Television repair shop as well as 2 of the single & 2 en-suite units. The interior of the house consists of the remaining 10 units. There is additional upside to easily bulk the area behind the house.
Property Reference #: CL200
Agent Details:
Ross Diamond
Jack Russell Estates
85 Linksfield RoadEdenvale1609
Id Subtitle 1272141297
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Estimated monthly repaymentR 19,496
Total property loan amountR 1,799,000
Total interestR 2,880,014
Total repaymentR 4,679,014
Interest rate at 11.75% for 20 years *
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Jack Russell Estates
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