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R6,500,000 | 24 Bedroom Apartment Block For Sale in Umbilo

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R6,500,000

Monthly Bond Repayment R63,806.82
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

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Monthly Rates
R2,059.70

Incoming Generating Block!

An investment opportunity awaits you in a very quiet suburb of Durban.
Already fully tenanted and generating more than R55000 in monthly income, this is an opportunity not to be missed.

A mix of shared accommodation as well as self contained flats.
Property features:
-4x 3 bed flats (all en suite)
-3x 2 bed flats
-1x 1 bed flat
-1x bachelor unit
-3x single rooms with a shared kitchen and bathroom facilities.
-2x store rooms
-2x lock up garages
-Open bay parking for more than 10 vehicles.

All the units are fitted with pre paid electricity and water is inclusive of the rent.
The apartment block has been renovated and all flats are tiled throughout ensuring ease of maintenance.
A caretaker lives on the premises as well as a general cleaner taking care of the block 3 times per week.

The property is fully fenced and has 24hr remote controlled access ensuring peace of mind for all tenants.

A worthwhile income generating possibility is waiting for its new owner so don't miss out.

With endless potential and perfect location this fantastic opportunity is ideal for a savvy investor.

Call today to book a viewing

Features

24
10
2
Pets Allowed
No
Interior
Bedrooms
24
Bathrooms
10
Kitchen
9
Reception Rooms
18
Furnished
No
Exterior
Garages
2
Security
Yes
Parkings
10
Pool
No
Sizes
Land Size
741m²
Victoria Francis
Victoria Francis
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