16 Bedroom House for sale in Cosmo City

Calling on all investors to this prominent cash cow. The property has 16 self-contained studio flats that have a kitchenette, a lounge, a bedroom and a bathroom. Each unit has a prepaid meter and its own geyser. The property also comes with its own transformer, hence relieving pressure off the main lines. Currently each unit is going for R2500 and all units are fully tenanted, bringing the total income to R40 000. With the high demand of rental space in Cosmo city, the rental could be increased to R3000, making a potential income of R48 000. The property is conveniently situated close to the shopping centre, public transport, South Africa drive, a recreational facility, Cosmo police station, Jackal creek corner, Northgate and Cosmo city mall, private and public schools, and many more amenities. The property has a remote-controlled gate, is fully walled and has parking for up to four cars. Contact agents for viewing, don't miss it.