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20 unit apartment block at a low price
R 8,500,000
Can I afford this?
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2 months ago92 views
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General Details
Description
This property has 20 beautiful and spacious 2 bedroom,1 bathroom individual units. Each unit is currently rented out for R6000 per month excluding water and electricity. 17 units are currently rented out. Potential R120000 monthly income.
Extremely close to Merrivale Spar and Sasol garage leaves this property to be very sought after. Facebrick adds to this apartment block's physical appeal. Covered carport throughout the premises for tenants' use. Property is secure all around and has 2 palisade gate entrances.This is a once in a lifetime investment opportunity. Your monthly income will surpass your bond/investment repayments. Do not hesitate to call to view this fantastic flat for sale.
Call me if you are looking to buy or sell your property anywhere in the Midlands.
Property Reference #: JRL15274
Agent Details:
Nico Naidoo
Jawitz Properties
Gresham House
11 Wembley Terrace,
Town Hill,
Pietermaritzburg
Extremely close to Merrivale Spar and Sasol garage leaves this property to be very sought after. Facebrick adds to this apartment block's physical appeal. Covered carport throughout the premises for tenants' use. Property is secure all around and has 2 palisade gate entrances.This is a once in a lifetime investment opportunity. Your monthly income will surpass your bond/investment repayments. Do not hesitate to call to view this fantastic flat for sale.
Call me if you are looking to buy or sell your property anywhere in the Midlands.
Property Reference #: JRL15274
Agent Details:
Nico Naidoo
Jawitz Properties
Gresham House
11 Wembley Terrace,
Town Hill,
Pietermaritzburg
Id Subtitle 1262276401
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Estimated monthly repaymentR 92,116
Total property loan amountR 8,500,000
Total interestR 13,607,625
Total repaymentR 22,107,625
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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Jawitz Properties
Selling for 3+ years
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