Investors Dream – Income Generator Home fully tenanted! Earn from the word go!
The Property is situated in Parkgate in Verulam with 665sqm of land and with a bonus of a fully tenanted house and outbuilding that can make you earn income right from the start.
Main Building has multiple Bedrooms which consists of 2 separate units on the ground floor and bedrooms on the upper level plus 2 single rooms on lower ground also separate and all tenanted individually. Units are prepaid electricity and water metered through the municipality.
The potential buyer can take over the existing tenants and is currently earning R36750-00pm rental income.
The property requires some maintenance and repairs and is sold as is giving the new owners the ability to revamp the home to their appeal.
Ample parking space for each tenant and has an enclosed garage for 2 cars and open parking for about 6 car parking space. There is an additional unit that is incomplete which when completed has an earning income of additional R 3900-00pm.
Property description as follows:
Units rented A1 and A2 – Two bedrooms units each and a separate lounge / kitchen / bathroom
Unit A3 and A4 – Single bedrooms each with separate kitchen and bathroom
Unit 5 - Two bedrooms with kitchen lounge and bathroom
Unit 6 - 1 Bedroom separate lounge / kitchen / bedroom
Unit 7 - 3 Bedrooms / 1 Dressing room and ensuite / bathroom / kitchen open plan / lounge / dining With three walkout balconies
Unit 8 - Incomplete but has an earning potential for a single bedroom / kitchen and bathroom
Garage - Tandem double garage
Situated in a quite suburb of Parkgate with direct access to the main roads, schools and shopping malls
Don’t miss this opportunity of this earning potential – pay off your bond and still have extra savings in your pocket.
Ingwe Property Group – We make a difference!
Main Building has multiple Bedrooms which consists of 2 separate units on the ground floor and bedrooms on the upper level plus 2 single rooms on lower ground also separate and all tenanted individually. Units are prepaid electricity and water metered through the municipality.
The potential buyer can take over the existing tenants and is currently earning R36750-00pm rental income.
The property requires some maintenance and repairs and is sold as is giving the new owners the ability to revamp the home to their appeal.
Ample parking space for each tenant and has an enclosed garage for 2 cars and open parking for about 6 car parking space. There is an additional unit that is incomplete which when completed has an earning income of additional R 3900-00pm.
Property description as follows:
Units rented A1 and A2 – Two bedrooms units each and a separate lounge / kitchen / bathroom
Unit A3 and A4 – Single bedrooms each with separate kitchen and bathroom
Unit 5 - Two bedrooms with kitchen lounge and bathroom
Unit 6 - 1 Bedroom separate lounge / kitchen / bedroom
Unit 7 - 3 Bedrooms / 1 Dressing room and ensuite / bathroom / kitchen open plan / lounge / dining With three walkout balconies
Unit 8 - Incomplete but has an earning potential for a single bedroom / kitchen and bathroom
Garage - Tandem double garage
Situated in a quite suburb of Parkgate with direct access to the main roads, schools and shopping malls
Don’t miss this opportunity of this earning potential – pay off your bond and still have extra savings in your pocket.
Ingwe Property Group – We make a difference!
Monthly Rates
R1,950
Features
Interior
Exterior
Sizes
Listing Info
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 Ingwe Property Group website is accurate and up to date, Ingwe Property Group 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.
