978
Property ID
248 Sqm
Size
4
Bedrooms
4
Bathrooms
An opportunity not to be missed. This is a great investment for the investor who would like to purchase a full title house.
Very well situated in Jeppestown close proximity to the Maboneng Precinct.
There are electricity meters installed and the building is very well maintained and managed.
Number of flats in building: 4 Rooms in the House
Size: 248 sqm. (STAND)
Levy: The expenses of the block are as per May 2021:
Total R 460.00
This Building consists of 4 rooms, 2x 2 Bedroom units and 2x 1 Bedroom units
There is a communal kitchen and two separate bathrooms with a bath, toilet and a basin.
R 10 400.00 p.m. to R 12 800.00 can be achieved if the building is fully occupied and the property is upgraded to their specifications. Currently, Mamela is successfully managing similar blocks and we are capable to manage this block as well.. Please click here for a detailed Rent roll.
The block is in a good condition with minor touch-ups needed. electrical meters are installed at each flat. A detailed maintenance quote will be supplied to the successful buyer.
Closest Amenities:
| Name | Type | Suburb | Distance |
| Engen | Filling Station | Jeppestown | 0.45 km. |
| Life Healthcare New Kensington | Hospital | Jeppestown | 0.59 km. |
| Jozi Mall | Shops/ Entertainment | Jeppestown | 1.2 km. |
Calculation:
Purchase with Bond (50%):
| R 340 000.00 Bond at 7.25% | =R 2 687.00 p.m. |
| Rates & Taxes | =R 460.00 p.m. |
| Rental Management fee (if applicable) | =R 1 196.00 p.m. |
| Total | R 4 343.00 p.m. |
R 10 400.00 rental income – R 4 343.00 expenses = R 6 057.00 Cashflow positive.
Purchase with Cash:
| Rates & Taxes | =R 460.00 p.m. |
| Rental Management fee (if applicable) | =R 1 196.00 p.m. |
| Total | R 1 656.00 p.m. |
R 10 400.00 rental income – R 1 656.00 expenses = R 8 744.00 Cash Flow Positive
Gross Yield: 18.35% at R 10 400.00 rental income and R 680 000.00 cash offer.
