Stunning Investment home in Potchefstroom
Situated in a peaceful cul-de-sac in Potchefstroom Central. 1.5KM from North-West University. Walking distance (500m) away from West Acres Pick&Pay and Shopping Centre. Within 2KM of essential amenities and Mooiriver Mall.
Property Details:
Stand size: 1581 sqm
Total building area: Approximately 575 sqm
All buildings have approved plans.
Zoned as Residential 1
Main House: Divided into three sections..
First section: Rental income R 9000
2 bedrooms,
1 bathroom,
expansive living area, kitchen with pantry & scullery, storeroom, single garage, carport, alarm system.
Second section: Rental income R 7000
3 bedrooms,
2 bathrooms,
large living area, kitchen, bank safe, 2 storerooms, single garage.
Third section: Rental income R 4000
Large loft with separate entrance, kitchenette, bathroom, bedroom,
large living area and carport.
Additional Units: 5 additional units on the property.
3 Bachelor units: Rental income of R3500, R3800, and R3800 per month.
With kitchenette, bathroom, pre-paid meter, parking.
2 One-bedroom units: Rental income of R4000 and R3780 per month.
With kitchenette & living area, pre-paid meter, parking.
Total income p/m: R38 880.
Currently all units tenanted by NON Students
Communal pool shared by tenants
Automatic irrigation system for lawn maintenance
Monthly Expenses:
Armed response: R500
Garden service: R600
Pool maintenance: R400
Rates & taxes: R1200
Water/electricity: R4800
General maintenance: R500
Total expenses: R8000
Property Features
Key Features
Bedrooms11
Bathrooms9
Garages2
Carports8
Erf Size1 581 m²
Floor Size575 m²
Pet Friendly
Interior
Lounges1
Dining Areas1
Kitchen
Built-in Cupboards
Exterior
Flatlet
Storeroom
Garden
Swimming Pool
Borehole