12 Apartments/Flats, 3 Floors, south facing, face brick building with prepaid electricity and pet friendly. Well-secured with palisade fencing, locked gate/remote access and security cameras. Consisting of:
9x 2 Bedroom Flats with a bathroom, open plan lounge, dining room and kitchen with steel cabinets. Stoep/verandah. Tiled/carpeted floors.
3x 1 Bedroom Flats with a bathroom, open plan lounge, dining room and kitchen with steel cabinets. Stoep/verandah. Tiled/carpeted floors.
Basement parking:
8x Undercover parking
5x Visitors parking
2x Lock-up garages
2x Storerooms
2x Toilets
Washing line area
Income:
Rent R4500 - R4700 x 9 two bedroom = +-R40 500.00 (New tenants pay higher amount)
Rent R4000 - R4200 x 3 one bedroom = +-R12 000.00 (New tenants pay higher
amount)
Total bruto income x 12 flats = +-R52 500.00
One unit vacant currently. Tenants pay regular and on time via EFT.
Expenditure:
Services to Mogale
Property Tax: R5,954.10
Sewerage: R440.55
Sewerage Bins: R913.28
Water: R5785.34
Total R10 368.46
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