NEW
Web Ref ULR10313
R1,499,000
Monthly Bond Repayment R14,714.83
Calculated over 20 years at 10.25% with no deposit.
Change Assumptions
8 Bedroom House For Sale in Northdale
High-Yield Multi-Unit Investment
Unlock immediate cash flow with this high-density residential portfolio in Northdale. Perfectly positioned on a spacious corner plot, this property offers dual-access convenience and is situated in a high-demand rental pocket. Located less than 1km from Debi Place and seconds from the Bombay Road taxi routes, this is a prime location for tenants prioritizing proximity to schools, sporting grounds, and the CBD.
The Portfolio Breakdown
The property consists of 5 self-contained units, currently generating a proximity Monthly Income of R20,700:
Unit 1: 2 Bedrooms, Lounge, 2 Bathrooms
Unit 2: 2 Bedrooms, Lounge, Kitchen, 1 Bathroom
Unit 3: 1 Bedroom, Lounge, Kitchen, Bathroom
Unit 4: 2 Bedrooms, Kitchen, Bathroom
Unit 5: 1 Bedroom, Kitchen, Bathroom
Financial Highlights
Gross Income: R20,700 pm
Operating Expenses: R3,200 pm (Includes water, rates, and services)
Current Net Profit proximity: R17,500 pm
Utilities: All units fitted with Prepaid Electricity (Water included in rental).
Value-Add Opportunity
While currently profitable, these units require some TLC. This presents a massive opportunity for the savvy investor to renovate, modernize, and significantly increase the rental yield beyond the current R20k mark.
VIEWING REQUIREMENTS:
To ensure a professional transaction, physical viewings will be strictly reserved for qualified buyers. Please provide pre-approval documentation or bank-guaranteed verification of funds upon enquiry.
Don’t miss out on this "set-and-forget" income generator. Make the call.....
Unlock immediate cash flow with this high-density residential portfolio in Northdale. Perfectly positioned on a spacious corner plot, this property offers dual-access convenience and is situated in a high-demand rental pocket. Located less than 1km from Debi Place and seconds from the Bombay Road taxi routes, this is a prime location for tenants prioritizing proximity to schools, sporting grounds, and the CBD.
The Portfolio Breakdown
The property consists of 5 self-contained units, currently generating a proximity Monthly Income of R20,700:
Unit 1: 2 Bedrooms, Lounge, 2 Bathrooms
Unit 2: 2 Bedrooms, Lounge, Kitchen, 1 Bathroom
Unit 3: 1 Bedroom, Lounge, Kitchen, Bathroom
Unit 4: 2 Bedrooms, Kitchen, Bathroom
Unit 5: 1 Bedroom, Kitchen, Bathroom
Financial Highlights
Gross Income: R20,700 pm
Operating Expenses: R3,200 pm (Includes water, rates, and services)
Current Net Profit proximity: R17,500 pm
Utilities: All units fitted with Prepaid Electricity (Water included in rental).
Value-Add Opportunity
While currently profitable, these units require some TLC. This presents a massive opportunity for the savvy investor to renovate, modernize, and significantly increase the rental yield beyond the current R20k mark.
VIEWING REQUIREMENTS:
To ensure a professional transaction, physical viewings will be strictly reserved for qualified buyers. Please provide pre-approval documentation or bank-guaranteed verification of funds upon enquiry.
Don’t miss out on this "set-and-forget" income generator. Make the call.....
Features
Pets Allowed
No
Interior
Bedrooms
8
Bathrooms
6
Kitchen
5
Reception Rooms
3
Furnished
No
Exterior
Security
No
Parkings
8
Pool
No
