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

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