5 Large Tenanted Flats for sale. Great opportunity for an investor

R 5,375,000

Can I afford this?
13 days ago18 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):2
Bathrooms (#):1
Size (sqm):81
Parking:Garage
Description
5 LARGE RENOVATED TENANTED 2-BEDROOM APARTMENTSUnit number 1• 79m²• 2 bedrooms• Lounge• Fitted kitchen• Private garden• Currently tenanted for R10,550 p.m.Unit number 8• 81m²• 2 bedrooms• Lounge• Fitted kitchen• Parking bay• Currently tenanted for R9,500 p.m.Unit number 10• 81m²• 2 bedrooms• Lounge• Fitted kitchen• Garage• Currently tenanted for R9,800 p.m.Unit number 12• 81m²• 2 bedrooms• Lounge• Fitted kitchen• Garage• Currently tenanted for R9,500 p.m.Unit number 20• 86m²• 2 bedrooms• Lounge• Fitted kitchen• Garage• Currently tenanted for R9,300 p.m.The total rental income is R48,650 p.m. or R583,800 per annum.Prepaid and water meters for each unit. Read Less

Property Reference #: 7002001-17256

Agent Details:
Steph Venter
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274220384
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Estimated monthly repaymentR 58,250
Total property loan amountR 5,375,000
Total interestR 8,604,822
Total repaymentR 13,979,822
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
Selling for 2+ years
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