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Income generated property!!! MLS Sole and Exclusive
R 3,850,000
Can I afford this?12 Photo(s)
10 months ago387 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Parking:Covered
Description
This investment property is truly a once-in-a-lifetime opportunity, specifically designed for student accommodation. It comes fully equipped and furnished, making it an attractive option for students looking for a convenient and comfortable living environment. The property is equipped with modern security features, including an alarm system and CCTV surveillance, ensuring the safety of the residents.
With 23 beds and 4 shared bathrooms, this property can accommodate a significant number of students. Additionally, there is a kitchen with 2 stoves, a fridge, and a microwave, allowing students to prepare their meals conveniently. For outdoor relaxation and socializing, there is a communal braai area available.
The property also includes an occupied wendy house with a tenant who assists with access control and oversees security. This adds an extra layer of security and convenience for the residents. Access to the property is controlled through cell-to-gate access and an electric gate system.
The utilities in the property, including electricity and Wi-Fi, are on a prepaid basis, ensuring transparency and ease of management. Moreover, the property is already rezoned and NSFAS (National Student Financial Aid Scheme) accredited, making it an appealing choice for students who rely on financial assistance.
To ensure transparency and provide further assurance, audited financial statements for the property are available upon request. These statements can give potential investors insights into the property's income and financial performance.
Overall, this investment property offers an excellent opportunity for generating rental income from student accommodation. Its strategic location, well-designed facilities, and adherence to regulations make it a desirable option for both investors and students. Don't miss out on this exceptional opportunity—contact us now for more information or to arrange a viewing.
Property Reference #: BLM-RS00287
Agent Details:
Beverley Marais
Century21
86 Gen Hertzog Street,
Dan Pienaar,
Bloemfontein,
Free State,
9300
With 23 beds and 4 shared bathrooms, this property can accommodate a significant number of students. Additionally, there is a kitchen with 2 stoves, a fridge, and a microwave, allowing students to prepare their meals conveniently. For outdoor relaxation and socializing, there is a communal braai area available.
The property also includes an occupied wendy house with a tenant who assists with access control and oversees security. This adds an extra layer of security and convenience for the residents. Access to the property is controlled through cell-to-gate access and an electric gate system.
The utilities in the property, including electricity and Wi-Fi, are on a prepaid basis, ensuring transparency and ease of management. Moreover, the property is already rezoned and NSFAS (National Student Financial Aid Scheme) accredited, making it an appealing choice for students who rely on financial assistance.
To ensure transparency and provide further assurance, audited financial statements for the property are available upon request. These statements can give potential investors insights into the property's income and financial performance.
Overall, this investment property offers an excellent opportunity for generating rental income from student accommodation. Its strategic location, well-designed facilities, and adherence to regulations make it a desirable option for both investors and students. Don't miss out on this exceptional opportunity—contact us now for more information or to arrange a viewing.
Property Reference #: BLM-RS00287
Agent Details:
Beverley Marais
Century21
86 Gen Hertzog Street,
Dan Pienaar,
Bloemfontein,
Free State,
9300
Id Subtitle 1218731050
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Estimated monthly repaymentR 41,723
Total property loan amountR 3,850,000
Total interestR 6,163,454
Total repaymentR 10,013,454
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Century21
Selling for 3+ years
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