14 Bedroom Apartment For Sale in Richmond Hill, Port Elizabeth

Property description

EXCELLENT STUDENT ACCOMMODATION POTENTIAL!!
14 bedrooms to accommodate 28 beds. Income potential of R95 200/month

CALLING ALL INVESTORS:

Monthly Rental Income: R25600
Monthly Expenses: R9235
Monthly Net Income: R17 665
Yearly Net Income: R211 979
ROI: 9%

R2 200 000 (BRING OFFERS!)
SOLE MANDATE

THE PROPERTY CONSISTS OF THE FOLLOWING:

2 X 4 bedrooms, bathroom, kitchen and lounge with single garage each
2 x 3 bedrooms, bathroom, kitchen and lounge with single garage each
Unfurnished

ALL TENANTED with Leases and deposits

4 prepaid water meters and 4 prepaid electricity meters to recover all utilities from the tenants

Rates: R3338
Floor size: 655sqm
Land: 530sqm