Property description
Amazing Investment Opportunity: Don't miss out on owning a block of flats in the sought-after neighborhood of Orlando West. This single-story property features 3 units in floor with a total of 6 well-sized bachelor rooms. Each room includes a kitchenette with built-in cupboards and shares three spacious bathrooms. The spacious yard can accommodate parking for four cars, with an additional 2 cars in an automated garage. Your tenants' security is ensured with high walls and a gate.
The block of flats is conveniently located near the Caltex garage, providing easy access to taxis, the Hector Peterson Museum, and other amenities. All rooms are currently occupied, generating a potential rental income of R19,500 per month, including the main house. The property also holds great potential for future redevelopment. Seize the opportunity to invest in this centrally located property with excellent earning potential.
Key features:
- Single-storey with 6 units
- 3 bathrooms sharing
- Open plan layout
- High walls for security
- Potential rental income of R19,500
- Centrally located
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
