Please note that our Terms of Use and Privacy Notice are applicable.
Back to search (KwaZulu-Natal > Durban City > Commercial & Residential Property for Sale & Rent > Land & Plots for Sale> ad 1267291651)
Ideal investment property!
R 1,825,000
Can I afford this?
15 Photo(s)
1 month ago26 views
Ad Saved to My List
View and manage your saved ads in your account.
Share
WhatsApp
Facebook
Messenger
Twitter
Copy URL
Email
Report Ad
Report This Ad
Reason for Reporting
Email Address
(Required)
Message
(Optional)
Report Ad
By clicking "Report" you accept the Gumtree Terms and Conditions.
General Details
Location:
For Sale By:Agency
Description
Introducing a lucrative investment opportunity nestled in the serene neighborhood of Morningside, boasting breathtaking sea views and consistent returns. This property presents a rare chance to own a dual-unit building, each offering enticing features and generating a combined monthly income of R19,000.
Unit 1 welcomes residents with its spacious layout comprising three bedrooms, ideal for families seeking comfort and ample space. A well-appointed main bathroom caters to daily needs, while the separate kitchen and dining area provide functional and versatile spaces for culinary endeavors and entertaining guests. The allure of this unit extends to the upper level, where the main bedroom opens onto a balcony, offering sea views. Adding to its appeal, tenants can enjoy the convenience of a private garage, a lush garden oasis perfect for relaxation, and the added bonus of a pet-friendly environment, ensuring every family member feels at home.
Unit 2 mirrors the charm of its counterpart, boasting the same desirable layout of three bedrooms, a main bathroom, and a well-designed kitchen and dining area. Similar to Unit 1, the main bedroom in Unit 2 also graces residents with a balcony, inviting moments of tranquility while admiring the scenic views. However, this unit further elevates the living experience with the inclusion of a laundry and storeroom, catering to practical needs and offering additional storage solutions. Completing the package, Unit 2 also features a private garage, a secluded garden retreat, and the assurance of being pet-friendly, ensuring utmost comfort and convenience for tenants.
Investing in this property not only secures a steady stream of rental income but also offers the opportunity to capitalize on the thriving real estate market in Morningside. With its desirable location, stunning views, and well-appointed units, this investment property promises both immediate returns and long-term growth potential. Don't miss out on the chance to own your own investment building and embark on a lucrative journey in the world of real estate.
Property Reference #: RL4728
Agent Details:
Muhammad Ismail
Legacy Real Estate Group
Shop 2, Avondale center, 277 Avondale road, Essenwood, Durban
Unit 1 welcomes residents with its spacious layout comprising three bedrooms, ideal for families seeking comfort and ample space. A well-appointed main bathroom caters to daily needs, while the separate kitchen and dining area provide functional and versatile spaces for culinary endeavors and entertaining guests. The allure of this unit extends to the upper level, where the main bedroom opens onto a balcony, offering sea views. Adding to its appeal, tenants can enjoy the convenience of a private garage, a lush garden oasis perfect for relaxation, and the added bonus of a pet-friendly environment, ensuring every family member feels at home.
Unit 2 mirrors the charm of its counterpart, boasting the same desirable layout of three bedrooms, a main bathroom, and a well-designed kitchen and dining area. Similar to Unit 1, the main bedroom in Unit 2 also graces residents with a balcony, inviting moments of tranquility while admiring the scenic views. However, this unit further elevates the living experience with the inclusion of a laundry and storeroom, catering to practical needs and offering additional storage solutions. Completing the package, Unit 2 also features a private garage, a secluded garden retreat, and the assurance of being pet-friendly, ensuring utmost comfort and convenience for tenants.
Investing in this property not only secures a steady stream of rental income but also offers the opportunity to capitalize on the thriving real estate market in Morningside. With its desirable location, stunning views, and well-appointed units, this investment property promises both immediate returns and long-term growth potential. Don't miss out on the chance to own your own investment building and embark on a lucrative journey in the world of real estate.
Property Reference #: RL4728
Agent Details:
Muhammad Ismail
Legacy Real Estate Group
Shop 2, Avondale center, 277 Avondale road, Essenwood, Durban
Id Subtitle 1267291651
View More
Property Loan Calculator
Purchase price
R
Deposit amount
R
Interest rate
%
No. of years
5
10
15
20
25
30
RECALCULATE
Estimated monthly repaymentR 19,778
Total property loan amountR 1,825,000
Total interestR 2,921,637
Total repaymentR 4,746,637
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.
RECALCULATE
Legacy Real Estate Group
Selling for 2+ years
Total Ads574
Active Ads574
Professional Seller
This seller has registered a Gumtree business account which allows them to qualify as a professional seller.To grow your business with Gumtree read more
Seller stats
574Total Ads
570.14KTotal Views
Contact Legacy Real Estate Group
083*******Show Number
Message
(4020)
Name
(Optional)
Email Address
(Optional)
Phone
(Required)
Send Message
By clicking "Send" you accept the Terms of Use and Privacy Notice and agree to receive newsletters and promo offers from us.
Related Ads
1
Contact f/price
SavedSave
We do roof raiparing painting Plastering, Building, dekking, tailing, Tar drive ways
Invalid date
1
R 250,000
SavedSave
I am a car dealer and I am looking for some decent land from 500 square meters to 2500 square meters which I can develop into a car dealership or use it to store vehicles. I am looking for anything in a 10kms radius from Morningside Durban. If you are in financial difficulties due to covid 19 maybe we can do a deal or I can even rent space from you if you have a secure area that I can use to store 30 vehicles. I am willing to pay R100 per parking bay per month. Preferably I would like to buy the space but alternatively I can also rent it. Call me on 0837861969 This is the perfect opportunity for someone who has the space and would like to get an income for it.I can be contacted on 0837861969
Invalid date
1
R 1,450,000
SavedSave
Situated in an appreciating area in sought Morningside, with plenty of amenities around, this alluring 3-bedroom home is truly a gem. Safety shouldnt be on your worry list in this area as it has a street surveillance camera, electrical fence and gate. Like a centerpiece this home is surrounded by a well-manicured botanical garden, as you walk from the lock-up garage to the veranda, eye-catching sceneries of the garden leave you wondering for more.This classic home has gleaming wooden floors, exceptionally mixed with porcelain tiles, The spacious kitchen is fitted with cupboards, a double sink and granite top counter all still in good condition. The airy lounge area allows captivating views of the peaceful garden, the home does come with two lovely bathrooms.The luxurious bedrooms have one that is currently used as a study as well as a master bedroom which could potentially fit two king sized beds, not leaving out that the bedrooms allow beautiful garden views and plenty of sunlight coming through.The home gives access to a storage area down a staircase which leads to an airy and very tidy granny flat also with its own bathroom, as well as another bachelor flat, granting the antiqued styled family home 2 potential income.Property Reference #: RL4315Agent Details:Asiphe GqamaneMaxprop Holdings (Pty) Ltd98 Bulwer RoadBulwer Berea 4083
Invalid date
1
R 6,700,000
SavedSave
Upon entering the dining area, you are led to a spacious lounge, which further connects to various rooms. The first bedroom, known as the Main bedroom, features built-in cupboards (bics) and a convenient walk-in closet. It also boasts an ensuite bathroom with a unique Japanese-inspired wazu kana (Japanese soaking tub). The second bedroom is equipped with bics and an ensuite bathroom as well. Moving on, the third bedroom also has bics, and the fourth bedroom offers ample storage with built-in cupboards (bic). All bedrooms are equipped with AC for a comfortable environment, and the laminated floors add a modern touch to the space.A modern family bathroom serves the main house, while the fully fitted kitchen with granite countertops includes a scullery and a gas stove. The second dining area is designed to seamlessly flow onto a large courtyard, perfect for entertainment gatherings. For added security, the main house is equipped with CCTV surveillance, electric fencing, and a solar geyser for energy efficiency.Additionally, there is an outbuilding with its own set of amenities. Upon entering, you will find a medium-sized dining area and an open-plan fitted kitchen featuring granite countertops and ample built-in cupboards (bic). The family bathroom is easily accessible from this area. The main bedroom in the outbuilding comes with built-in cupboards (BiC) and an ensuite bathroom. The second bedroom also features built-in cupboards (bic), laminated floors, and AC for comfort. Furthermore, the outbuilding is equipped with a gas stove and CCTV cameras to enhance security.Property Reference #: TPR6888Agent Details:Yunus RandereeTyson PropertiesOffice 1 Station BuildingLion Match Office Park892 Umgeni RoadDurban, 4001
Invalid date
1
R 1,450,000
SavedSave
MAXPROP BEREA has this well maintained home on the corner of Imerson Road and Valley View Road in Morningside.This has been home for 42 years and unfortunately change is necessary.It has a single garage on the road with an automated gate and garage door. The property has granny cottage below the garage and this can generate an income of at least R 3500 per month or it can be used for the varsity going student.The home has hardwood floors throughout and the 3 bedrooms are spacious and has built in cupboards. One of the rooms has additional storage below the room and can also lead into a separate granny flat which can be let out for additional income or can be used as part of the main house. This unit can be accessed separately.The kitchen has built in cupboards and a stove that will be left behind.It has a full bath room and a separate shower.This home has a manicured garden to enjoy. An appointment is necessary to view.Property Reference #: RL4364Agent Details:Lenny NaidooMaxprop Holdings (Pty) Ltd383 Lilian Ngoyi Road Windermere
Invalid date
1
R 2,650,000
SavedSave
Now this you have to see in the heart of Morningside. Take it all and start earning immediately as this fully furnished boasts the following:10XBEROOMS WITH BEDS.ALL UNITS HAVE THEIR OWN KITCHEN WITH STOVES , FRIDGES AND MICROWAVES.ALL HAVE THEIR OWN BATHROOMS AND TOILETS.TELEVISION SETS AND WIFI IN ALL UNITS.SEPERATE RECEPTION AREA WITH LAUNDRY ROOM AND SMALL KITCHEN.LOCK UP GARAGE TO FIT 4 CARS AND PLACE FOR SIX MORE PARKING BAYS.WALKING DISTANCE TO FLORIDA ROAD AND CITY VIEW A 5MIN WALK AWAY.PREPAID METRES SET UP IN EVRY ROOM.IDEAL FOR BED AND BREAKFAST AS WELL AS STUDENT ACCOMODATION.CALL ME FOR AN EXCLUSIVE VIEWING.Property Reference #: RL7439Agent Details:Tamara YoulleyProp247Shop 9E Chartwell Centre15 Chartwell DriveUmhlanga Rocks4320Lighthouse RoadUhmlanga
Invalid date
View More
Back To SearchGumtree Safety Tips
1.Meet in a public space to see the item and exchange money.
2.Never send your item before receiving the money.
3.Never send or wire money to sellers or buyers.
Looking to Sell?
Whether you are selling your car, old cell phone or laptop, learn how much your item could be worth with our Gumtree Pricing Guide.
