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Parkgate, Parkgate, Verulam, KwaZulu-Natal
R 2 870 000
Great investment opportunity!!! This is 7 Bedroom family home well located close to all amenities with a very good income. The property has 7-units, all 7 units are tenanted with decent and steady rental income. Unit 1 has: 3 Bedrooms, one with dressing room and en suite .kitchen, lounge, dining, bath and 3 balconies. Unit 2 : Single Bedroom, kitchen, lounge and bathroom. Unit 3: 2 Bedrooms, lounge, kitchen and Bathroom. Unit 4 :Single Bedroom ,kitchen and bathroom. Unit 5: Single Bedroom, kitchen, and Bathroom. Unit 6: 2 Bedrooms ,lounge, kitchen and Bathroom. Unit 7: 2 Bedrooms ,lounge, kitchen and Bathroom. There is Double Garage and secure parkings Current rental income is R37 000 per month. Nett profit is R 32 877. What a deal ! With unit 8 still incomplete, which can ad another R 4500 in rental income.
Estimated monthly repayment
R 27 102
on a R 2 583 000 bond over 20 years at 11.25%
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Parkgate, Parkgate, Verulam, KwaZulu-Natal
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Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
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