6 Bedroom House For Sale in Durban

Property description

Check out this lucrative investment property in Brighton Beach Bluff...

Property Overview
• Type: Multi-unit property with 4 separate dwellings.
• Design: Modern or recently renovated structure, with a clean and low-maintenance exterior, designed to attract long-term tenants.
• Unit Layouts: A mix of 1-bedroom and 2-bedroom units, each featuring spacious living areas, updated kitchens with stainless steel appliances, in-unit laundry, and ample storage.

Location Highlights
• Proximity to Schools: Walking distance to high-rated elementary and secondary schools, which appeals to families with children.
• Nearby Malls and Amenities: A short walk to bustling shopping malls, grocery stores, gyms, cafes, and restaurants, ensuring convenience for tenants.
• Beach Access: Positioned close to Brighton Beach Bluff’s iconic coastline, adding lifestyle value for renters and increasing demand.

Income Potential
• Rental Demand: High, due to its prime location and desirable neighborhood amenities.
• Projected Rents:
• 1-bedroom units: R3500 - R5500/month.
• 2-bedroom units: R6000 – R7500/month.
• Total Potential Monthly Income: R19000 – R26000.
• Additional Income Stream Ideas: Guesthouse/Air BNB option.

Investment Benefits
• Appreciation: Brighton Beach Bluff is a premium real estate market, with steady property value appreciation over the years.
• Tax Benefits: Potential for depreciation deductions, mortgage interest write-offs, and other property-related expenses.
• Low Vacancy Rates: The strategic location ensures consistent tenant demand, reducing income gaps.

This property would be ideal for investors seeking reliable cash flow and long-term appreciation in a thriving coastal community.