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11th Avenue, Melville


R 2 990 000

Property Description

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.

Rensia van Aswegen

House: A single-family dwelling with a roof and walls, intended for people to live in.

Apartment: A unit within a multi-unit residential building that typically shares walls with other units.

Condo: A privately owned individual unit within a larger building or community, where owners share ownership and maintenance of common areas.

Townhouse: A type of housing that shares one or more walls with adjacent units, typically with multiple floors and a small yard or patio.

Mortgage: A loan used to purchase a property, with the property serving as collateral for the loan.

Homeowner: A person who owns a home or other property.

Real estate agent: A licensed professional who helps people buy, sell, or rent properties.

Property value: The estimated worth of a property based on factors such as location, size, and condition.

Foreclosure: The legal process by which a lender takes possession of a property from a borrower who has defaulted on their mortgage payments.

Zoning: The process by which local governments regulate the use of land and buildings within their jurisdiction.



082 571 1809








Main Location

Melville, Johannesburg

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