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48979 Amalinda Forest, Amalinda, East London, Eastern Cape
R 870 000
Looking for a property that pays for itself? Located in the highly sought-after suburb of Amalinda Forest, this versatile property is a goldmine for savvy investors or families looking to subsidize their bond repayments. With four fully tenanted bachelor flats already generating an income of approximately R10,000 per month and exceptionally low monthly rates of just R239.00, this property offers an incredible return on investment. ****************************************************************************** The Main House Comfortable and spacious, the main dwelling is perfect for family living or could be rented out for even higher returns: • 3 Bedrooms: Well-sized rooms featuring built-in cupboards. • Living Space: A welcoming, cozy lounge area. • Bathroom: A neat, full family bathroom. ******************************************************************************** Income-Generating Bachelor Flats (x4) These fully occupied units are a ready-made income stream. Each flat includes: • Its own private kitchenette. • A dedicated bathroom and toilet. • Smart Utilities: All four units share a convenient prepaid electricity meter, making utility management seamless. *********************************************************************************** Security & Extras • Peace of Mind: The property is fully walled and secured with a remote-controlled gate. • Parking: Includes a secure lock-up garage. • Water Savings: Equipped with a JoJo tank for backup water storage. *********************************************************************************** The Choice is Yours: Live in the main house and let the flats pay off your bond, or accommodate your extended family with ease! Properties with this level of cash flow and low overheads are rare. Call today to arrange your exclusive viewing and secure this investment!
Estimated monthly repayment
R 8 216
on a R 783 000 bond over 20 years at 11.25%
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48979 Amalinda Forest, Amalinda, East London, Eastern Cape
Listed by
Bongani Mxinwa
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