R 2 125 000
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14 Bed Apartment in Richmond Hill

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14 4 530 m² 655 m²

RICHMOND HILL FULLY TENANTED APARTMENT BLOCK FOR SALE

EXCELLENT STUDENT ACCOMMODATION POTENTIAL!!

14 bedrooms to accommodate 28 beds. Income potential of R95 200/month

CALLING ALL INVESTORS:

Monthly Rental Income: R25600

Monthly Expenses: R9235

Monthly Net Income: R17 665

Yearly Net Income: R211 979

ROI: 9%

R2 200 000 (BRING OFFERS!)

SOLE MANDATE

THE PROPERTY CONSISTS OF THE FOLLOWING:

2 X 4 bedrooms, bathroom, kitchen and lounge with single garage each

2 x 3 bedrooms, bathroom, kitchen and lounge with single garage each

Unfurnished

ALL TENANTED with Leases and deposits

4 prepaid water meters and 4 prepaid electricity meters to recover all utilities from the tenants

Rates: R3338

Floor size: 655sqm

Land: 530sqm

Property details

  • Listing number T4151362
  • Property type Apartment
  • Erf size 530 m²
  • Floor size 655 m²
  • Rates and taxes R 3 338

Property features

  • Bedrooms 14
  • Bathrooms 4
  • Lounges 4
  • Garages 4
  • Security Post

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