R2,125,000
R2,125,000
Monthly Bond Repayment R22,296.69
Calculated over 20 years at 11.25% with no deposit.
Change Assumptions
R3,338
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
Features
Interior
Exterior
Sizes
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