Property features

R 2 495 000
5 Bedrooms
5.0 Bathrooms
0 Living Room/s
Garage for 0 car/s

Property Details

Excellent Investment Opportunity in Mayfair – R2,495,000

An excellent income-generating property situated in the well-established and conveniently located suburb of Mayfair.

The property consists of 4 separate one-bedroom flats, making it ideal for an investor looking for multiple rental income streams from a single property.

Property Features

4 × 1-bedroom flats
Each flat generates approximately R5,500 per month
Total rental income: R22,000 per month
Annual rental income: R264,000
Conveniently located close to schools and mosques
Established residential area with easy access to surrounding amenities
Excellent investment and rental-income potential

Asking Price: R2,495,000

At the asking price, the current rental income represents an approximate 10.6% gross annual rental yield, before rates, maintenance and other expenses.

A great opportunity for an investor looking to expand their property portfolio with a multi-unit income-generating property in Mayfair.

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Noormuhammad Hassan

BE Prop

0739453928

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[email protected]

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BE Prop

0127515836

[email protected]

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