3 Bedroom House for sale in Crosby

Multi-functional Investment Property 3 Bed 2 Baths & Flatlet and Cottage Crosby Discover this versatile and income-generating property located in the heart of Crosby just minutes away from Auckland Park and within proximity to all three major Universities in Johannesburg Ideal for Families and students and investors. This property offers three different Living spaces making it perfect for extended Families or rental income opportunities. Property Features Main House - 3 Spacious Bedrooms - 2 bathroom - Comfortable living and dining areas - Functional Kitchen Flatlet - 3 Large bedroom upstairs - 3 Bathrooms - Open plan Kitchen Lounge and Dining room area downstairs Cottage - Kitchen - Lounge - 1 Bedroom -Big Spacious Bathroom with corner Tub & Shower - Investment Highlights Currently rented out in full generating a monthly income of R19000 pm plus utilities Ideal for Investor Buyers seeking a home with Tennants and existing rental income -Excellent opportunity to offset Bond repayment with rental income Monthly bond repayments R 14300 pm @ 10,25% (prime) current income will cover monthly bond repayments and rates. Cash Buyers your looking at return on investment of 1,2% per month and 13.9% per annum this a multi tenanted property so you don't run the risk of loosing all tenants simultaneously and your risk is lower as income is guaranteed on a monthly basis. Central located near Auckland near University of JHB, WITS University, close Millpark Hospital and Campus Square shopping Centre Property Please note that no offers under R1,4m will be considered at this time if your serious about purchasing the property than look at the rental income that this property generates in relation to the selling price of R 1 450 000. There is big demand in the Crosby area for rental property and Tenants are easy to find. Offers from R1 390 000 will be considered.