3 Bedroom House For Sale in Montrose
R3,500,000
Monthly Bond Repayment R37,929.75
Calculated over 20 years at 11.75% with no deposit.
Web Ref No RLS946808
EXCEPTIONAL INVESTMENT OPPORTUNITY IN MONTROSE
Discover the ultimate investment property in the highly sought-after Montrose area. This property offers a unique and lucrative income-generating opportunity that is not to be missed.
Currently, this property features five income-generating flats, already bringing in a substantial monthly income of R33,900. However, the potential for increased earnings is immense. You have the option to convert the main bedroom into a bachelor flat, and two additional bedrooms, a bathroom, and a kitchen can be transformed into another rentable space, potentially increasing your monthly earnings to an impressive R45,000.
But the potential doesn't stop there. You also have the option to rent out the entire main house, maximizing your rental income even further. Additionally, there is ample space at the bottom of the garden, perfect for building two or three more flats, making this property an outstanding investment opportunity with substantial growth potential.
Security is a top priority with beams both inside and outside the property, providing peace of mind for both you and your tenants. What's more, tenants are already in place on a month-to-month basis, ensuring a consistent source of income from day one.
This property not only offers a great earning potential but is also located in the highly desirable Montrose area, making it an even more enticing investment opportunity. Don't miss out on this outstanding chance to secure your financial future with a property that combines immediate returns and long-term growth prospects.
Currently, this property features five income-generating flats, already bringing in a substantial monthly income of R33,900. However, the potential for increased earnings is immense. You have the option to convert the main bedroom into a bachelor flat, and two additional bedrooms, a bathroom, and a kitchen can be transformed into another rentable space, potentially increasing your monthly earnings to an impressive R45,000.
But the potential doesn't stop there. You also have the option to rent out the entire main house, maximizing your rental income even further. Additionally, there is ample space at the bottom of the garden, perfect for building two or three more flats, making this property an outstanding investment opportunity with substantial growth potential.
Security is a top priority with beams both inside and outside the property, providing peace of mind for both you and your tenants. What's more, tenants are already in place on a month-to-month basis, ensuring a consistent source of income from day one.
This property not only offers a great earning potential but is also located in the highly desirable Montrose area, making it an even more enticing investment opportunity. Don't miss out on this outstanding chance to secure your financial future with a property that combines immediate returns and long-term growth prospects.
Features
Bedrooms 3
Bathrooms 2
Flatlet 5
Recep. Rooms 2
Study 1
Land Size 2,560m²
Pool Yes
Pets Allowed Yes
Monthly Rates R3,000.00
Monthly Levy R0.01
Bathrooms 2
Flatlet 5
Recep. Rooms 2
Study 1
Land Size 2,560m²
Pool Yes
Pets Allowed Yes
Monthly Rates R3,000.00
Monthly Levy R0.01
Extras
Carport
Cul_De_Sac
Flatlet
Freestanding
Garden Flat
Granny Flat
Outdoor Beams
Single Storey
Visitors Parking
Water Tanks
Flat Roof
Agent Contact Details
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