This investment property is nothing but a money making machine. It has 4 bedrooms, 2 bathrooms, a lounge and kitchen inside the house. It has additional outside rooms which comprises of 5 rooms, 3 bathrooms and a kitchen combined with lounge. This 18 beds NSFAS accredited property is a dream for any investor. It is located in a prime, tranquil area in Pimville, near the University of Johannesburg, Soweto Campus. It is currently functioning as student accommodation with NSFAS accreditation for 18 students. The rental income on full occupation is R75,600.00 monthly.
There is also a solar converter in the property when there is load shedding. A 5kva hybrid solar kit with 4.8kwh lifepo4 battery and 6x 455w solar panels. It also has certification of gas installed on both in the house and outside kitchen. There are also cameras and a security alarm system installed for security for students. There’s also a room for a caretaker who looks after the property and students. Description of the property is per below:
Inside the house:
This is an opportunity not to miss in these tough economic times. Get in touch with us and let’s make your investment dreams come true.
Easy access to main road access
2 km away from University of Johannesburg
2 km away from Maponya Mall
3,5 km away from Baragwanath Hospital
3,5 km away from Lesedi Private Hospital