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R 1 150 000 | 4 bed property for sale in elsburg

Property Description

This is an early new year bargain. Four bedrooms house with three flatlets that can be rented out. A good investment property. The property is located in the high demand area of Elsburg. It is within a walking distance to medicross, spur, Usave and the Lambton complex with the following shops; Clicks, Pick n Pay, Wimpy, Spar, Woolworths, Ndebank, McDonald, PEP, MTN, Builders' warehouse, Pick n pay clothing, Romans pizza and many more. This exciting investment property has the following income generating apartments: Flat 1: Full bathroom, 3 neat bedrooms, 1x store room, kitchen and security gates. This flat can generate about R5500 on monthly basis. Flat 2: This flat has an open plan lounge, Kitchen, bathroom with separate shower, one spacious bedroom, gas stove included. Potential R2500 rental on monthly basis. Flat 3; One bedroom unit, spacious lounge, Kitchen, separate bathroom with shower. Potential rental amount R3500 on monthly basis. The three flatlets can generate about R11 500 on monthly basis excluding the main house. This is a marvelous investment. Main house has 4 bedrooms, Lounge, Bathroom, separate guest bathroom, small office and cctv cameras all around the house. This is one not to be missed for investment purposes.


Property Details

Purchase Price R 1 150 000

Monthly Rates1500

Monthly Levy1500

Type of PropertyHouse

Land Size793 m2

Last Updated18 Apr 2024

Rooms

Laundry1

Flatlet2

Kitchen1

Bedrooms4

Bathrooms2

Reception Rooms

Lounges1

Dining Room1

External Features

Swimming PoolYes

Patio1

Outdoor LivingPlaster

Garages9

Carports8

General Features

SecurityYes

RoofingTile

FlooringTiles

Property Location

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