Great investment. One bedroom unit in Monterey. The property is leased with a tenant that pays R5000-00 rental including water. Pre-paid electricity. Monterey boasts with upgraded security, located amongst prime amenities in the Johannesburg CBD.
The apartment has one separated bedroom, separate living room that is utilised as a bedroom, separate bathroom, separate kitchen with cabinets. Both bedroom are fitted with cupboards.
The structure and condition are in a reasonable state, although maintenance is needed. Levy is R935.00 p.m.
As an investment, the following calculations might surprise you:
20.3% R.O.I Nett with a R4500-00 rental on a R180 000-00 Cash purchase price.
Make an offer as soon as possible as this one will sell quick.