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8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale
8 Bedroom House For Sale in Northdale

8 Bedroom House For Sale in Northdale

R1,499,000

Monthly Bond Repayment R14,714.83
Calculated over 20 years at 10.25% with no deposit.

Web Ref ULR10313

8 Bedroom House For Sale in Northdale

High-Yield Multi-Unit Investment
​Unlock immediate cash flow with this high-density residential portfolio in Northdale. Perfectly positioned on a spacious corner plot, this property offers dual-access convenience and is situated in a high-demand rental pocket. Located less than 1km from Debi Place and seconds from the Bombay Road taxi routes, this is a prime location for tenants prioritizing proximity to schools, sporting grounds, and the CBD.

​The Portfolio Breakdown
​The property consists of 5 self-contained units, currently generating a proximity Monthly Income of R20,700:

​Unit 1: 2 Bedrooms, Lounge, 2 Bathrooms
​Unit 2: 2 Bedrooms, Lounge, Kitchen, 1 Bathroom
​Unit 3: 1 Bedroom, Lounge, Kitchen, Bathroom
​Unit 4: 2 Bedrooms, Kitchen, Bathroom
​Unit 5: 1 Bedroom, Kitchen, Bathroom
​Financial Highlights
​Gross Income: R20,700 pm
​Operating Expenses: R3,200 pm (Includes water, rates, and services)
​Current Net Profit proximity: R17,500 pm
​Utilities: All units fitted with Prepaid Electricity (Water included in rental).
​Value-Add Opportunity
​While currently profitable, these units require some TLC. This presents a massive opportunity for the savvy investor to renovate, modernize, and significantly increase the rental yield beyond the current R20k mark.

​VIEWING REQUIREMENTS:

To ensure a professional transaction, physical viewings will be strictly reserved for qualified buyers. Please provide pre-approval documentation or bank-guaranteed verification of funds upon enquiry.

​Don’t miss out on this "set-and-forget" income generator. Make the call.....

Features

Pets Allowed No
Interior
Bedrooms 8
Bathrooms 6
Kitchen 5
Reception Rooms 3
Furnished No
Exterior
Security No
Parkings 8
Pool No
Sulaiman Karodia
Sulaiman Karodia
Candidate Property Practitioner
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