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House
·
for sale
R 2 700 000
R 1 409/m²
3 Bedroom House For Sale in Dawncliffe
Northdene, EThekwini Metropolitan Municipality
· 1 916 m² · 3 Bedrooms · 3 Baths · House
· Garden
Northdene, EThekwini Metropolitan Municipality · 1 916 m² · 3 Bedrooms · 3 Baths · House · Garden
An established income-producing property offering investors the opportunity to acquire a multi-tenanted residential investment with three spacious bachelor units and long-standing leases already in place. Generating a combined rental income of R22,000 per month, this property offers an attractive gross rental yield of approximately 9.8 percent based on the asking price of R2,700,000. The property comprises three spacious bachelor units, each contributing to a diversified rental income stream. With long-standing tenants and existing leases in place, the property offers the benefit of established occupancy and income from day one. Monthly expenses include municipal rates of approximately R1,760, as reflected on the municipal bill, together with weekly garden maintenance of approximately R200-R250. Tenants are responsible for their own prepaid electricity, while individual water sub-meters are in place and functioning well. Water usage is measured through opening and closing meter reading
An established income-producing property offering investors the opportunity to acquire a multi-tenanted residential investment with three spacious bachelor units and long-standing leases already in place. Generating a combined rental income of R22,000 per month, this property offers an attractive gross rental yield of approximately 9.8 percent based on the asking price of R2,700,000. The property comprises three spacious bachelor units, each contributing to a diversified rental income stream. With long-standing tenants and existing leases in place, the property offers the benefit of established occupancy and income from day one. Monthly expenses include municipal rates of approximately R1,760, as reflected on the municipal bill, together with weekly garden maintenance of approximately R200-R250. Tenants are responsible for their own prepaid electricity, while individual water sub-meters are in place and functioning well. Water usage is measured through opening and closing meter reading
R 2 700 000
