R 1 600 000 | 6 bed property for sale in norkem park

Don’t miss this rare opportunity to own 5 income producing units on one property with immediate cash flow. This property is ideal for the serious investor or for a family looking to live in one unit and rent out the rest to offset the bond. RENTAL BREAKDOWN - ESTIMATED R25,500 PER MONTH: - 2 x 2 Bedroom Units @ R6,500 each Each unit offers: Lounge, open plan kitchen, laundry, 2 bedrooms, 1 bathroom - 1 x 1 Bedroom Unit @ R5,000 Lounge, open plan kitchen, bedroom, bathroom - 1 x 1 Bedroom Unit @ R5,000 Lounge, bedroom with modern open plan bathroom, very nice kitchen - 1 x Bachelor Rental Room @ R2,500 Room with shower and toilet Total Estimated Monthly Income: R25,500 Total Estimated Annual Income: R306,000 PROPERTY FEATURES: - Units: 5 - Total Bedrooms: 5 - Total Bathrooms: 4 - Parking: Extra garaging and storage space - Driveway: Big long driveway - Other: Store room - Location: Norkem Park - High rental demand area close to schools, shops and major routes This is a business opportunity of a lifetime. Properties with this rental return don’t stay on the market long. KEY FEATURES: - Price: R1,600,000 - Bedrooms: 6 - Bathrooms: 5 - Parking: Garaging and open parking. - Property Type: Residential Investment - Erf Size: 99 m2