3 Bed Apartment/Flat for Sale Algoa Park Port Elizabeth

Algoa Park, Port Elizabeth, Eastern Cape
ID 1234516

3 Bedroom Property for Sale in Algoa Park Eastern Cape

R 285 000

Property Type

Apartment/Flat

Bathrooms

2.0

Bedrooms

Building

77m²

Property Type

Apartment/Flat

Bathrooms

2.0

Bedrooms

Building

77m²

Property features

R 285 000
3 Bedrooms
2.0 Bathrooms
0 Living Room/s
Garage for 1 car/s
Outside Parking for 1 car/s
Levies R835 pm
Rates R468 pm
Pet Friendly

Property Details

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 Property Features: BONUS SINGLE GARAGE 3 bedrooms Separate kitchen and living area Minor cosmetic repairs needed: a few broken tiles and some window damage Ideal for: Cash buyers looking for a good return on rental properties Renovators seeking light projects for quick turnaround