This is an excellent investment opportunity, passive Income with a 15% Return on Investment. Two purpose-built affordable housing properties for sale situated in the eastern area of Johannesburg, the area that is full of great public and private schools and centrally located to choices slightly further afield. Property 1 has 11 rooms and Property 2 has 10 rooms. Both properties are fully occupied with stable tenants. Each room has a prepaid electricity meter, access to Wi-Fi at cost. The 2 properties are in close proximity to each other and are managed by a reliable on-site caretaker. The caretaker stays in Property 2 which is 100 meters from Property 1, so he looks after both. Property 1 attracts advertising revenue from billboards on its walls, as it is located at a popular stop-sign with high traffic.
The properties boast prime locations just off main roads, close to amenities and public transport. Both properties are situated on high visibility roads and close to work for tenants – short distance to Houghton, Norwood, Rosebank. Both properties combined are selling for R3 200 000 and the generate a revenue of R654 000 (potential R715 000) per annum through rental income.
