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Boston fixer upper and existing rental income generator!
R 665,000
Can I afford this?
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2 months ago365 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):2
Bathrooms (#):1
Description
OPPERTUNITY FOR SERIOUS, PRE QUALIFIED AND CASH BUYERS.
Welcome to your opportunity in the heart of Bellville, nestled in the vibrant suburb of Boston. This spacious 2-bedroom apartment presents a rare chance to transform a neglected gem into a lucrative investment or a charming home.
Convenience is key with this property, offering easy access to public transport options including trains, buses, and taxis, making commuting a breeze. Situated in an area with high demand for rental properties, this apartment promises a steady stream of income, with tenants outnumbering availability.
The apartment itself boasts old-world charm and generous proportions, spanning 89 square meters. With a separate kitchen, bathroom, and toilet, there's ample scope for customization and renovation to suit your vision. The enclosed balcony offers additional space for relaxation or entertaining, adding to the property's appeal.
While the apartment may require some TLC and renovation, the asking price significantly undercuts similar properties in the area, presenting an excellent opportunity for savvy investors or home buyers with a knack for renovation projects.
Furthermore, for those seeking immediate returns, the property comes with the added benefit of an existing tenant with a lease until end September 2024, currently paying R7000 per month. This provides a fantastic return on investment from day one, allowing the new owner the flexibility to renovate at their own pace or simply enjoy the passive income.
The apartment block itself is well-maintained and managed by reputable agents, ensuring peace of mind for residents. With access control and sound financial management, the complex offers a secure and stable environment.
Don't miss out on this chance to unlock the true potential of this neglected property while enjoying excellent returns on your investment. Schedule a viewing today and seize this rare opportunity in the heart of Bellville!
Turn this dingy dive into a home and thrive, or pocket from day one.
Call me or miss out!!
Rates And Taxes: 235
Levies: 702
Property Reference #: De Waalhof 18
Agent Details:
Menno Van Mechelen
eXp Realty - Steven Johnstone Group
1 Apple Street
Kenilworth
Cape Town
7708
Welcome to your opportunity in the heart of Bellville, nestled in the vibrant suburb of Boston. This spacious 2-bedroom apartment presents a rare chance to transform a neglected gem into a lucrative investment or a charming home.
Convenience is key with this property, offering easy access to public transport options including trains, buses, and taxis, making commuting a breeze. Situated in an area with high demand for rental properties, this apartment promises a steady stream of income, with tenants outnumbering availability.
The apartment itself boasts old-world charm and generous proportions, spanning 89 square meters. With a separate kitchen, bathroom, and toilet, there's ample scope for customization and renovation to suit your vision. The enclosed balcony offers additional space for relaxation or entertaining, adding to the property's appeal.
While the apartment may require some TLC and renovation, the asking price significantly undercuts similar properties in the area, presenting an excellent opportunity for savvy investors or home buyers with a knack for renovation projects.
Furthermore, for those seeking immediate returns, the property comes with the added benefit of an existing tenant with a lease until end September 2024, currently paying R7000 per month. This provides a fantastic return on investment from day one, allowing the new owner the flexibility to renovate at their own pace or simply enjoy the passive income.
The apartment block itself is well-maintained and managed by reputable agents, ensuring peace of mind for residents. With access control and sound financial management, the complex offers a secure and stable environment.
Don't miss out on this chance to unlock the true potential of this neglected property while enjoying excellent returns on your investment. Schedule a viewing today and seize this rare opportunity in the heart of Bellville!
Turn this dingy dive into a home and thrive, or pocket from day one.
Call me or miss out!!
Rates And Taxes: 235
Levies: 702
Property Reference #: De Waalhof 18
Agent Details:
Menno Van Mechelen
eXp Realty - Steven Johnstone Group
1 Apple Street
Kenilworth
Cape Town
7708
Id Subtitle 1263791708
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Estimated monthly repaymentR 7,207
Total property loan amountR 665,000
Total interestR 1,064,597
Total repaymentR 1,729,597
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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eXp Realty - Steven Johnstone Group
Selling for 2+ years
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