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Investment Opportunity in Hillcrest
R 2,500,000
Can I afford this?
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10 days ago20 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):2
Bathrooms (#):1
Parking:None
Description
Looking for a lucrative investment in the heart of Hillcrest? Look no further. This property boasts three income-generating units and is perfectly situated near schools, shops, and the M13 Freeway.
Unit One:
Nestled in the front for ultimate privacy, Unit One offers two bedrooms, a spacious bathroom, and an open plan living area with a cozy fireplace. Step outside onto the undercover patio and garden.
Monthly Rental: R9500
Unit Two:
Adjacent to the pool area, Unit Two features an ideal one bedroom setup with a bathroom and a chic open plan lounge and kitchen. Tastefully tiled throughout in neutral tones.
Monthly Rental: R8000
Unit Three:
The crown jewel of the property, Unit Three boasts two generously sized bedrooms, a luxurious bathroom with a walk-in shower, a spacious kitchen with a scullery, and an open plan living area with pool views.
Monthly Rental: R11000
Each unit is able to utilise the pool area, outside braai and patio. All units are equipped with prepaid electricity meters, and water is included in the monthly rental. Plus, each tenant enjoys the security of a year lease.
Surrounded by an expansive wrap around garden and ample driveway space, this property offers endless potential. Convert it into a single family home with a flatlet or maintain it as a lucrative rental income opportunity. The choice is yours!
Don't miss out on this versatile investment dream. Contact Taine or Kaylee today to schedule a viewing and secure your slice of Hillcrest paradise.
Has Pool
Property Reference #: RL5262
Agent Details:
Kaylee Rumney
Ingwe Property Group
34 Glenugie Road
Pinetown
3610
Unit One:
Nestled in the front for ultimate privacy, Unit One offers two bedrooms, a spacious bathroom, and an open plan living area with a cozy fireplace. Step outside onto the undercover patio and garden.
Monthly Rental: R9500
Unit Two:
Adjacent to the pool area, Unit Two features an ideal one bedroom setup with a bathroom and a chic open plan lounge and kitchen. Tastefully tiled throughout in neutral tones.
Monthly Rental: R8000
Unit Three:
The crown jewel of the property, Unit Three boasts two generously sized bedrooms, a luxurious bathroom with a walk-in shower, a spacious kitchen with a scullery, and an open plan living area with pool views.
Monthly Rental: R11000
Each unit is able to utilise the pool area, outside braai and patio. All units are equipped with prepaid electricity meters, and water is included in the monthly rental. Plus, each tenant enjoys the security of a year lease.
Surrounded by an expansive wrap around garden and ample driveway space, this property offers endless potential. Convert it into a single family home with a flatlet or maintain it as a lucrative rental income opportunity. The choice is yours!
Don't miss out on this versatile investment dream. Contact Taine or Kaylee today to schedule a viewing and secure your slice of Hillcrest paradise.
Has Pool
Property Reference #: RL5262
Agent Details:
Kaylee Rumney
Ingwe Property Group
34 Glenugie Road
Pinetown
3610
Id Subtitle 1277780972
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Estimated monthly repaymentR 27,093
Total property loan amountR 2,500,000
Total interestR 4,002,243
Total repaymentR 6,502,243
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
RECALCULATE
Ingwe Property Group
Selling for 3+ years
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