The perfect investment property awaits you within a sought after suburb!!
This expansive property in Elsburg is ideal for investors looking to maximize rental income. The 1549m² property features multiple units, each offering potential rental opportunities. The units are well-maintained and vary in size and layout, catering to the different needs of tenants.
• Property Features: o Total Units: The property includes 9 units, ranging from bachelor flats to 3-bedroom units, as well as 12 other small rental rooms. o Unit Features: Each unit is self-contained with it's own kitchen, bathroom, and living space. o Parking: Ample parking space is available on the property, with designated spots for each unit. There is open parking areas. o Outdoor Space: The property includes shared outdoor areas for tenants to enjoy, o Security: The property is fully fenced with secure access, providing peace of mind for tenants. o Water and electricity: each unit has their own water meter and electrical meter and all 9 units have their own distribution box. There is also 18- 20 solar lights for load shedding
• Investment Potential: o Rental Income: The current rental income is R58 600 per month with potential for increases as leases are renewed. This investment property is located in a desirable area of Elsburg, with easy access to local amenities, schools, and public transportation. It presents an excellent opportunity for both seasoned investors and those new to the market.
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Germiston property: A profile of Germiston property from a prospective buyer’s perspective, with information on facilities and attractions.
Germiston Property
Germiston is a bustling residential and industrial hub located in Gauteng’s East Rand. It acts as the seat of the Ekurhuleni Metropolitan Municipality, and has a rich history leading back to the discovery of gold on the...
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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.