Dormehl Phalane Property Group Apex presents an excellent investment opportunity in the sought-after area of Reservoir Hills, ideal for investors looking to generate a rental income or those interested in student accommodation.
The property comprises 5 separate units, offering a combination of two-bedroom and three-bedroom accommodation:
Property Configuration:
3 x Two-bedroom units, each comprising a lounge, kitchen, toilet and shower.
2 x Three-bedroom units, each comprising a lounge, kitchen, toilet and shower.
Rental Income:
3 x Two-bedroom units at R5 000 each = R15 000
2 x Three-bedroom units at R6 500 each = R13 000
Total Monthly Rental Income: R28 000
Additional Property Information:
All units have prepaid electricity and water meters.
Tenants are responsible for their own prepaid water and electricity.
Monthly municipal rates: R1 400.
Five separate rental units providing multiple income streams.
Why Invest?
With five rental units already generating a combined monthly rental income of R28 000, this property presents an attractive opportunity for investors. Its layout also makes it suitable for student accommodation, offering the potential to maximise rental returns.
Asking Price: R2 350 000
Don't miss out on this income-generating investment opportunity in Reservoir Hills. Contact Dormehl Phalane Property Group Apex to arrange a viewing.