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Elandsheuwel, Elandsheuwel, Klerksdorp, North West
R 200 000
This one is already working as a great investment. Currently fully occupied as student accommodation with 3 tenants paying R1,500 each per month — that is R4,500 gross income every month from a R200,000 investment. After levy and municipality costs of R2,200 per month, the net return is around R2,300 per month. That is a gross yield of over 32% per year. Five-minutes walk to the Klerksdorp CBD and close to the N12, this location is exactly what student tenants need. 2 rooms plus the lounge currently generating income Fully occupied: income from day one Undercover parking bay Kitchen Bathroom Prepaid electricity meter Levy R900 per month Municipality R1,300 per month Buy it and keep it running exactly as it is, the tenants are already there. Or can make it your new home. Call or WhatsApp MC to arrange a viewing.
Estimated monthly repayment
R 1 889
on a R 180 000 bond over 20 years at 11.25%
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Elandsheuwel, Elandsheuwel, Klerksdorp, North West
Listed by
MC Okpolo
Property Info
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