- 12
- 8
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.
Mun. Rates & Taxes: ZAR 3120.00
Property description
Presenting a fantastic opportunity to own a well-positioned block of 8 flats, offering an excellent return on investment in a sought-after neighborhood. This property includes 4 spacious 2-bedroom flats and 4 convenient bachelor flats, all currently fully let and generating a steady monthly income of approximately R33,000.
Property Features:
Total Flats: 8
- 4 x 2-Bedroom Flats
- 4 x Bachelor Flats
Current Income: Approximately R33,000 per month, reflecting a solid and reliable revenue stream.
Parking: Undercover parking for 8 cars, ensuring convenience and protection from the elements for all tenants.
Occupancy: Fully let, showcasing the high demand and attractiveness of the flats.
Potential for Upgrades: While the flats are in good condition, they could benefit from some modernization, offering potential for value addition and increased rental income.
Location: Situated in a lovely area, the property enjoys proximity to essential amenities, schools, and easy access to highways, making it highly appealing to a wide range of tenants.
Investment Highlights:
- Steady Income: The current rental income of R33,000 per month ensures a quick return on investment.
- High Demand: Fully occupied flats indicate a strong rental market in the area.
- Value-Add Potential: Opportunity to increase rental income through strategic upgrades and improvements.
- Prime Location: Located in a desirable and well-connected neighborhood, enhancing tenant retention and property value.
- All units have pre paid electricity.
Conclusion:
This block of 8 flats is an outstanding investment opportunity for discerning buyers looking to expand their portfolio with a high-income property in a prime location. The combination of fully let flats, steady income, and the potential for value addition through upgrades makes this an attractive proposition.
Call to Action:
Don't miss out on this exceptional opportunity. For more details or to arrange a viewing, please contact us today. Secure your investment in a thriving rental market and benefit from immediate income generation and long-term growth.
Act now to secure this excellent investment opportunity!
Property Details
- 12 Bedrooms
- 8 Bathrooms
Property Features
Bedrooms | 12 |
Bathrooms | 8 |