Property description
NEW MANDATE
This excellent 'niche' property offers so much to those with broad vision and who have a need for additional income to be generated to offer great returns. You could almost live 'or free' with income from the garden flats.
This is a unique property ! There is a lovely spacious three bedroomed single level (simplex / stepless) home plus separate building structure offering four income generating cottages / flats which currently generate R30K per month - so why not live in the house and have the passive income balancing out....
So much value for your money! ....this excellent property offers you a range of income generating options!
Option #1 : Keep 'as is' (ie: live in the house and rent out the 4 flats which currently bring in R30K per month)
Option #2 : Live the house and run the 4 flats as a AirBNB accommodation
Option #3 : Turn the entire 7 bedrooms (entire house) into an AirBNB venture
Option #4 : Live in the main house and have your family live in one or more of the flats
The main house is spacious and in really good condition as too are the flats : if you are wanting a good income generator, then this is an excellent option. So many features - too many to list.
Located in the popular suburb of Mt Edgecombe in a secure cul-de-sac with easy access to Cornubia, Cornubia Mall, Gateway and all freeways.
Call me to discuss the amazing property further and/or to arrange a viewing.
- Flatlet
- Store Room
- Patio
- Freehold
- Security Features
- Pets Allowed
- Laundry
Location rating
Nearby Transport
Nearby Education
Nearby Other
Request property details from Tyson Properties Umhlanga Office
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
