For Sale – Investment Property In Reservoir Hills: R2 350 000
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.
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.
Monthly Rates
R1,400
Features
Interior
Exterior
Sizes
Listing Info
Reservoir Hills, Durban
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
