16 Bedroom House For Sale in Port Elizabeth
BondCosts
Property description
This prime student accommodation property, ideally located near the university, features two fully tenanted houses on a single erf, delivering a combined monthly rental income of R65,000.
Minami House
10 individual rooms, each rented at R3,700
Total Monthly Rental Income: R37,000
Kita House
Room 1: R3,700
Room 2 (shared): 2 rooms at R2,700 each
Room 3: R3,700
Room 4: R3,600
Room 5 (shared): 2 rooms at R3,100 each
Room 6 (shared): 2 rooms at R3,100 each
Total Monthly Rental Income: R28,000
Total Combined Monthly Income: R65,000, with a planned rental increase in 2025. The property has also been used for holiday accommodation during the December/January period, ensuring consistent income throughout the year.
This property represents a strong investment opportunity with stable, year-round rental returns.
- Single Storey
- Single Bed
- Builtin Cupboards
- Curtain Rails
- Tiled Floors
- Bath
- Toilet And Basin
- Shower
- Oven Hob
- Laundry
- Fridge
- Dishwasher Connection
- Garbage Disposal
- Scullery
- Open Plan
- Under Counter Oven
- Washing Machine Connection
- Breakfast Nook
- Internet Port
- T V Port
- Carport
- Secure Parking
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
