This house with 18 rooms was always fully rented out since 2011. The income is R17000pm and the Caretaker stay for free. The owner has drawn a plan that in included in this advertisement. According the Seller is every building on the plans except for one toilet that she added lately. If a new buyer (investor) spend money to give paint and TLC to this property the rental income can easily become R30000 per month because there is a very high demand for affordable rental places in Carolina. This home is +- 300 meter from the CBD and most people can walk to their working place. The caretaker is trustworthy and and investor can continue with same.
Almost all rooms have there own pre paid meter. If not they share with someone else. The main house can be change to be a house again and then you will be left with 8 rental rooms. At R2000 per month it will still...
This house with 18 rooms was always fully rented out since 2011. The income is R17000pm and the Caretaker stay for free. The owner has drawn a plan that in included in this advertisement. According the Seller is every building on the plans except for one toilet that she added lately. If a new buyer (investor) spend money to give paint and TLC to this property the rental income can easily become R30000 per month because there is a very high demand for affordable rental places in Carolina. This home is +- 300 meter from the CBD and most people can walk to their working place. The caretaker is trustworthy and and investor can continue with same.
Almost all rooms have there own pre paid meter. If not they share with someone else. The main house can be change to be a house again and then you will be left with 8 rental rooms. At R2000 per month it will still leave you with an income of R16000 that will almost pay your full bond.
Please contact me to view this property with plenty possibilities to make a handsome profit each month.
The owner can provide the Title Deed and plans for the property.
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