Port Elizabeth Central, Port Elizabeth, Eastern Cape ID 1311101
House
2.0
6
248m2
172m2
Calling investors! This fully tenanted, income-generating property is located in a quiet street directly opposite NMU’s Bird Street campus, a prime location that consistently attracts reliable tenants. Currently generating approx. R21,000 per month, this property offers excellent returns and covers your bond payment. No upgrades needed, just take over and earn. Tenants cover their own electricity costs Management team in place to handle day-to-day operations Water included in rent (up to a set amount; any excess is tenant-paid) All lease agreements are in place with deposits secured & transferable to the new owner Property Highlights: 6 large, furnished bedrooms, all currently let to young working professionals Potential to increase occupancy to 8 tenants (2 oversized rooms can fit an extra bed) Upstairs bathroom recently renovated, & second bathroom with a shower, basin, & toilet Fully furnished, beds, desks, cupboards, couches, 2 fridges, stove, TV, & washing machine included Financials: Monthly income: approx. R21,000 Rates and water: +- R1700 Insurance: +-R216 Management: R2000 Wifi: R650 Cleaning: R800 Atlas: R357 ROI: Approx. 11.50% This is a low-maintenance, high-yield opportunity for serious investors looking to purchase a fully managed, fully let property with immediate income. Call me today to arrange a private viewing.
eXp Realty
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