R 1 650 000
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22 Bed Apartment in Bellevue

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22 5 5 495 m²

INVESTMENT OPPORTUNITY!

Fully tenanted block of Flats of only 4 Units, each apartment was originally a 3 bed, lounge, dinning, bathroom and kitchen.

Partitioning has turned each dwelling to a 5 bedroom home yielding a magnificent rental income.

There are 2 rooms at the back/basement of this building. Prepaid electricity. Parking for 5 cars in front of the building.

Total monthly rental income for the entire property is R40 500 gross and nett being plus/minus R25 500. The net income base could be increased by water metering.

Fully let at the time of listing.

Property details

  • Listing number T4516931
  • Property type Apartment
  • Listing date 14 Feb 2024
  • Land size 495 m²
  • Rates and taxes R 2 000

Property features

  • Bedrooms 22
  • Bathrooms 5
  • Lounges 1
  • Dining areas 1
  • Open parking 5
  • Kitchen

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