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
