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Prime Investment Opportunity
R 1,150,000
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13 hours ago4 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):5
Bathrooms (#):4+
Size (sqm):222
Description
Multi-Unit Property with High Rental Potential
Discover an income-generating investment property that ticks all the boxes for smart investors. This property features four units, including two bachelor units, one one-bedroom unit, and a spacious two-bedroom unit with a lounge and kitchen. Situated conveniently below road level, it offers two open parking spaces. Each unit is equipped with its own prepaid electricity and water meters, ensuring efficient utility management for tenants.
Currently occupied and offering a steady rental income, this property is in need of some upgrading, making it a fantastic opportunity to add value and increase returns. Located on a main road in a high-demand area, it enjoys proximity to schools and public transport, enhancing its appeal to tenants. For an investor with a vision, additional units can be built on this property.
Whether you're looking to start or grow your property investment portfolio, this opportunity is not to be missed!
Property Reference #: 1292835
Agent Details:
Ravi Maharaj
Rawson Properties Phoenix
91, Parthenon, Acropolis, Phoenix, Phoenix, Kwazulu Natal
Phoenix, Kwazulu Natal
Discover an income-generating investment property that ticks all the boxes for smart investors. This property features four units, including two bachelor units, one one-bedroom unit, and a spacious two-bedroom unit with a lounge and kitchen. Situated conveniently below road level, it offers two open parking spaces. Each unit is equipped with its own prepaid electricity and water meters, ensuring efficient utility management for tenants.
Currently occupied and offering a steady rental income, this property is in need of some upgrading, making it a fantastic opportunity to add value and increase returns. Located on a main road in a high-demand area, it enjoys proximity to schools and public transport, enhancing its appeal to tenants. For an investor with a vision, additional units can be built on this property.
Whether you're looking to start or grow your property investment portfolio, this opportunity is not to be missed!
Property Reference #: 1292835
Agent Details:
Ravi Maharaj
Rawson Properties Phoenix
91, Parthenon, Acropolis, Phoenix, Phoenix, Kwazulu Natal
Phoenix, Kwazulu Natal
Id Subtitle 1317129456
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Estimated monthly repaymentR 12,463
Total property loan amountR 1,150,000
Total interestR 1,841,032
Total repaymentR 2,991,032
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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Rawson Properties Phoenix
Selling for 4+ years
Total Ads133
Active Ads133
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