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Prime Location for Steady Rental Income & High Demand!
R 1,290,000
Can I afford this?
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8 months ago342 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):5
Bathrooms (#):2
Size (sqm):1665
Parking:Garage
Description
Investor's Dream! This property offers a fantastic opportunity for savvy investors looking to maximize their returns. Featuring a spacious 4-bedroom main house, a separate 1-bedroom basement unit with its kitchen and bathroom, and a 1-bedroom flatlet with its kitchen and bathroom, this property is perfect for generating multiple rental incomes.
The ample yard space also presents an exciting opportunity for further development, allowing you to expand and enhance the property's potential even further. Whether you're looking to add more units or create additional amenities, the possibilities are endless.
Conveniently located close to Southway Mall and three High Schools, this property is in a prime location. Its proximity to these amenities ensures a steady stream of potential tenants, making it an ideal investment for both students and Southway Mall employees.
Currently fetching R16,500 per month, this property has already proven its rental income potential. However, with some strategic improvements and marketing efforts, it has the potential to generate even higher returns. Don't miss out on this opportunity to capitalize on the demand for student and Southway Mall employee accommodation.
Any reasonable offers will be considered.
Invest in your future with this exceptional property. Contact us now to arrange a viewing and secure this investor's dream!
# Parking: 2
Rates And Taxes: 930
Has Garden
Property Reference #: 2187506
Agent Details:
Evelyn Nair
Trafalgar Property Management Durban
141 KE Masinga Road , Durban ,4001
The ample yard space also presents an exciting opportunity for further development, allowing you to expand and enhance the property's potential even further. Whether you're looking to add more units or create additional amenities, the possibilities are endless.
Conveniently located close to Southway Mall and three High Schools, this property is in a prime location. Its proximity to these amenities ensures a steady stream of potential tenants, making it an ideal investment for both students and Southway Mall employees.
Currently fetching R16,500 per month, this property has already proven its rental income potential. However, with some strategic improvements and marketing efforts, it has the potential to generate even higher returns. Don't miss out on this opportunity to capitalize on the demand for student and Southway Mall employee accommodation.
Any reasonable offers will be considered.
Invest in your future with this exceptional property. Contact us now to arrange a viewing and secure this investor's dream!
# Parking: 2
Rates And Taxes: 930
Has Garden
Property Reference #: 2187506
Agent Details:
Evelyn Nair
Trafalgar Property Management Durban
141 KE Masinga Road , Durban ,4001
Id Subtitle 1234571230
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Estimated monthly repaymentR 13,980
Total property loan amountR 1,290,000
Total interestR 2,065,158
Total repaymentR 3,355,158
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.
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Trafalgar Property Management Durban
Selling for 3+ years
Total Ads208
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