R1,395,000
R1,395,000
Monthly Bond Repayment R14,637.12
Calculated over 20 years at 11.25% with no deposit.
Change Assumptions
Monthly Rates
R2,000
R2,000
Special Levy
R240
R240
Massive Income Potential
Massive Income Potential
This 4-unit apartment block from a bygone era awaits someone to turn it into its full potential.
The property is situated on the quiet side of Central and consists of the following:
2 Upstairs units consist of 2 bedrooms, a kitchen and a bathroom
2 Ground floor units consist of 3 bedrooms, a kitchen and a bathroom
The flatlet consists of a kitchenette, a bathroom, and a living/sleeping area
This property can be a great income generator if managed correctly.
Monthly Rental Income: R19 500
Monthly Expenses: R8 159
Monthly Net Income: R11 341
Yearly Net Income: R136 094
ROI: 8,78%
Call me to arrange your private viewing.
Every effort has been made to ensure the content of this advert is correct, however, no responsibility will be borne for any errors or omissions it may contain.
Features
Interior
Bedrooms
10
Bathrooms
4
Kitchens
4
Reception Rooms
4
Sizes
Floor Size
264m²
Land Size
574m²
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Disclaimer: While every effort will be made to ensure that the information contained within the Talana Foot Real Estate website is accurate and up to date, Talana Foot Real Estate makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.