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Investment Opportunity!!!
R 1,650,000
Can I afford this?
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):837
Parking:Street
Description
Introducing this exceptional investment property located in KZN, proudly brought to you by ICON PROPERTY GROUP. This property boasts 8 bedrooms and 6 bathrooms, cleverly divided into 5 separate units, each generating a lucrative rental income.
Unit 1 consists of 2 bedrooms, including a main en-suite, an open-plan lounge and dining area, a separate kitchen, and a family bathroom. Currently, this unit generates a monthly rental income of R7000pm.
Unit 2 offers an ample 2-bedroom apartment with separate bathroom, an open-plan kitchen, and a lounge area. This unit currently generates a rental income of R5500pm.
Unit 3 is a charming bachelor apartment complete with a bathroom and an open-plan kitchen and lounge. This unit provides a current rental income of R4000pm.
Unit 4 is a modern 1-bedroom apartment with a newly renovated kitchen, an open-plan lounge, and a separate bathroom. It currently generates an income of R6000pm.
Unit 5 offers a spacious 2.5-bedroom apartment with 1 bathroom, an open-plan kitchen, and a lounge area. This unit currently generates an income of R7500pm.
With a combined rental income of R30000 per month, this property presents an outstanding opportunity to cover your bond payments and more. Don't miss out on this incredible investment. Contact us today for further details!
Rates And Taxes: 937
Has Garden
Property Reference #: 2201460
Agent Details:
Sugen Vartharajulu
Icon Property Group (SA)
201 Pinehurst,
Somerset Links Office Park,
De Beers Avenue,
Somerset West
9 Kruger Street
Strand
7139
Unit 1 consists of 2 bedrooms, including a main en-suite, an open-plan lounge and dining area, a separate kitchen, and a family bathroom. Currently, this unit generates a monthly rental income of R7000pm.
Unit 2 offers an ample 2-bedroom apartment with separate bathroom, an open-plan kitchen, and a lounge area. This unit currently generates a rental income of R5500pm.
Unit 3 is a charming bachelor apartment complete with a bathroom and an open-plan kitchen and lounge. This unit provides a current rental income of R4000pm.
Unit 4 is a modern 1-bedroom apartment with a newly renovated kitchen, an open-plan lounge, and a separate bathroom. It currently generates an income of R6000pm.
Unit 5 offers a spacious 2.5-bedroom apartment with 1 bathroom, an open-plan kitchen, and a lounge area. This unit currently generates an income of R7500pm.
With a combined rental income of R30000 per month, this property presents an outstanding opportunity to cover your bond payments and more. Don't miss out on this incredible investment. Contact us today for further details!
Rates And Taxes: 937
Has Garden
Property Reference #: 2201460
Agent Details:
Sugen Vartharajulu
Icon Property Group (SA)
201 Pinehurst,
Somerset Links Office Park,
De Beers Avenue,
Somerset West
9 Kruger Street
Strand
7139
Id Subtitle 1248560027
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Estimated monthly repaymentR 17,882
Total property loan amountR 1,650,000
Total interestR 2,641,480
Total repaymentR 4,291,480
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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Icon Property Group (SA)
Selling for 3+ years
Total Ads98
Active Ads98
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