Income Generating | 7 Bed | 5 Bath | Lounge | Kitchen | Potential +-24k Gross |
27 3rd Avenue
7
5
7 Bedroom House For Sale in Westdene
27 3rd, Avenue
Income Generating | 7 Bed | 5 Bath | Lounge | Kitchen | Potential +-24k Gross |
Monthly Bond Payment: R
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7
• Potential for R24 000 Gross income renting out rooms to individual Young Professionals***
• Current income is R11 000 not fully occupied***
• 7 Bedrooms (5 in the house with 2 spacious, external units)
• 5 Bathrooms (2 common bathrooms in house, 1 ensuite + 1 in each external unit)
• Small Lounge
• 1x Ktchen + Laundry/Scullery (Potential to convert to second kitchen)
• 1x Courtyard With 2 Braai stands
Property currently operating as student accommodation. Currently not fully occupied. The main house has 5 bedrooms. Two of these bedrooms are single occupant rooms with 3 being spacious enough to be shared. There are two external bachelor units that have been used as shared rooms but are spacious enough to be self-contained bachelor units if kitchens are installed.
My +-R23 000 gross monthly income is based on the premise of renting out the individual rooms to young professionals as opposed to students.
Post kitchen installations the two bachelor units could rent out for:
R3 800 – R4 500 each
The two smaller rooms could rent out for:
R2 500 – R2 800 each
The larger rooms in the house could rent out for:
R3 000 – R3 500 each
| Bond Payments | R |
| Mun. Rates & Taxes | ZAR 880 |
| Web Ref | RXAE-5599 |
| Property Type | House |
| Bedrooms | 7 |
| Bathrooms | 5 |
Sketch Botshelo
Candidate Property Practitioner
RE/MAX Town and Country (Florida)
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Monthly Bond Payment: R
