3 Bedroom Sectional Title Sold in Mid Town

R395,000

Monthly Bond Repayment R4,280.64
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RLS938826

Perfect 3 bedroom investment with good rental income

This ideal investment opportunity is a 3-bedroom flat located on the second floor of a complex.

It features a double tandem garage and an open-plan kitchen.

The complex is secured by an electric gate, and the flat is a sectional title unit. Additionally, there is a communal garden for residents to enjoy.

The lounge and kitchen areas are open plan, creating a spacious living area.

The bathroom is equipped with a bath, shower, basin, and toilet.

The facebrick exterior ensures low maintenance requirements. The property has a pre-paid electricity system in place.

A monthly levy fee of R700 is applicable. With a rental income of R6000.00 per month, this property presents a lucrative opportunity for investors.

It should be noted that the property requires some tender loving care (TLC) to bring it to its full potential. In summary, this 3-bedroom flat offers a range of desirable features, making it an attractive investment opportunity for those willing to invest a bit of effort into its improvement.

Features

Bedrooms 3
Bathrooms 1
Recep. Rooms 1
Garages 2
Land Size 96m²
Monthly Rates R1,500.00
Monthly Levy R1.00
Sectional Title Levy R700.00