15 student investment property for sale in Brixton

REDUCED BY OVER R100 000

Quality student accommodation / private rental investment, for sale in Caroline Street, Brixton

In total accommodating 15 students

Heres an example of the potential income you can generate through this property

Listing price: R1 595 000

Purchase price: R1 500 000

Monthly repayment: R14 000

Monthly rental income: R55 000

Profit every month: R41 000

Profit for the year: R492 000

The property offers a main home, with 3 large rooms, accommodating 2 students each and 3 students in the third room

A double tandem garage, which accommodates 2 students each, totaling 4 for the section. With its own entrance

A separate outside suite with its own bathroom and own entrance

The bathroom in the main home has both a bath and a shower

The kitchen has been beautifully upgraded and is spacious

A large double lounge, easily converted to 2 rooms

A sun room

Additional space for extension, comfortably accommodating 4 more large rooms

This is a quality investment, in a top location. The property has been extremely well maintained with no work needed. Huge potential for extension and additional rooms, and in turn huge potential to add to the income it is already generating