11th Avenue, Melville
R 2 990 000
The investment of a lifetime! Excellent return of R32 000.00 per month on 4 units
Looking for a investment property with very high income, little risk, low costs, minimal input and low time management efforts????
This property at a excellent location and offers four rental units in a excellent condition with upmarket finishes. This four units fill the gap between student accommodation and free standing houses for the discerning client that needs a save, secure upmarket place to rent. This units always rents easily to young professionals, like doctors, lecturers, professors, post graduates or young working people. They in demand without the trouble of student accommodation. Furnished with fridges, beds, microwave, gas stoves etc.
Unit 1: Two bedroom, Two bathroom, open plan lounge, dining and kitchen with excellent finishings, undercover patio and two save parking spaces with own entrance.
Unit 2: One bedroom, one bathroom, Open plan lounge dining and kitchen, excellent finishings, closed small patio and one parking space
Unit 3 & 4 : Spacious open plan studios, with lounge, bedroom space, kitchen and bathroom comes with a parking space
An outside laundry provides three waterpoints for three washing machines. Prepaid electricity and low rates.
This units have excellent security and are close to the University of Wits and UJ, close to the hospitals, like Milpark, Garden City, Helen Joseph and the Corporate Companies in town.