Algoa Park, Port Elizabeth, Eastern Cape ID 1234516
Apartment/Flat
2.0
3
Looking for an affordable investment property with solid rental returns? This 3-bedroom flat in the well-known Keurboom Flats, Algoa Park, is the perfect opportunity for cash buyers. Key Investment Highlights: Yield: 16% = 48,000 (total rental income per year) divided by 300,000 (property value) x 100 Price: R300,000 Average rental income: R3000 - R4,000 per month Status: Occupied by owner Property Features: Single garage 3 bedrooms Separate kitchen and living area Minor cosmetic repairs needed: a few broken tiles and some window damage (great opportunity to add value) Secure complex living Ideal For: Cash buyers looking for a good return on rental properties Renovators seeking light projects for quick turnaround
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