Income Generating Jeppestown Home For Sale

This home was originally a standard 3-bedroomed home. It has been converted into a multi-tenanted property with a gross monthly income of R12 500

Features: Small front porch, completely burglar proofed, entrance hall, tiled floors, non-working air conditioner, security gate
burglar proofing, one communal bathroom, one communal kitchen, 5 rented rooms inside, 3 rented rooms outside, outside toilet, pressed ceilings, special light fittings, completely paved outside, double garage under the house rented out, prepaid meters for the outside rooms & the garage

JEPPESTOWN
Jeppestown was established in or after 1886 by C.E.G. Julius Jeppe, who formed the Ford and Jeppe Estate Company with his son, who was also called Julius Jeppe, and L.P. Ford. In 1893, the Masonic temple was completed. In 1894, Jeppestown was described as consisting of "421 buildings, two churches, a Masonic temple, St Mary's Collegiate for Girls and a library". In 1896, the suburb had 5,647 inhabitants. St Michael's School for Boys, which has since been renamed Jeppe High School for Boys, was established in 1890, and the piece of open land called Julius Jeppe Oval was converted to a park in approximately the same year. The eastern part of Jeppestown came to be known as Belgravia.