Back to Results | Home | Listings | High income multi-let investment in Cosmo City, with 6 flatlets plus an RDP house generating R20 000 monthly.
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R 1,200,000

R 1,200,000

High income multi-let investment in Cosmo City, with 6 flatlets plus an RDP house generating R20 000 monthly.
8
Bedrooms
7
Bathrooms
Active
Elton Mumera
Elton Mumera
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Phone: +27845728317 Email: elton.mumera@peaktopeak.co.za
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High income multi-let investment in Cosmo City, with 6 flatlets plus an RDP house generating R20 000 monthly.

Web Ref. PTPLS-2896
Land size 380 m²
Floor size 280 m²
Monthly Bond Repayment
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Prime investment opportunity in the heart of Cosmo City. This well positioned multi-let property offers 6 fully tenanted flatlets plus an RDP house currently generating a solid R20 000+ with minor upgrades and full occupancy. With seperate entrances, prepaid  electricity meters and low maintance, this is a true turnkey cash-cow ideal for both first time investors and seasoned portfolio builders.

The property boasts a high demand location just minutes away from public transport, Cosmo and Northgate mall, Shoprite Usave, schools, clinics and Cosmo City and Honeydew police station. Tenants rarely move as everything they need is within a short walking distance.

Don't miss this rare gem, properties with this kind of rental income almost never come to market. Perfect for buy to let, rental income for bond assistance or adding a high yield asset to your portfolio. Book your viewings today, proof of funds or pre-approval required.

 

Features

Property Type Home
Listing Purpose Sale
Municipal Rates R 650
Occupation On Transfer
Floor Size 280 m²

Rooms

Bedrooms 8

2 bedrooms are in the RDP house. and the rest are in the flatlets

Bathrooms 7

Each flatlet has its own bathroom; the RDP house has just one bathroom.

Kitchen 7

Every flatlet has its own kitchenette and one kitchen in the RDP house.

Lounges 7

Amenities

Parking Spaces 4

Safe and secure open parking for 4 vehicles.

Flatlet Yes

Fully tenanted flatlets, with their own bathrooms.

Security

Security 1

High wall and 2 lockable gates.

Burglar Bars Security Gate Perimeter Wall Safe Totally Walled

Amenities

Flatlet Built in Cupboards Fibre DSTV Burglar Bars Electric Fencing Security Gates Secure Parking

Property Location

Finance

Total Amount Repayable
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Monthly Repayment
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Disclaimer

While every effort will be made to ensure that the information contained within the Mandated Property Group website is accurate and up to date, Mandated 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.