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Apartment in Arcadia - MR674372

R 725,000
6
bed
2
bath
134m2
floor area
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6
2
134m2
Arcadia - MR674372
Apartment in Arcadia, Pretoria - Old East, Gauteng
R 725,000

Property Overview

DESCRIPTION:

Invest in this original 4 bedroom that is professionally partitioned to a 6 bedroom investment property. It is situated in the first floor.

INCOME GENERATION:

This property is fully tenanted and generates a gross rental income of R15,600pm. It generates an ROI above 35 percent making it a lucrative deal for a novice and expert investor.

PROPERTY FEATURES:

It comes with a kitchen, a communal lounge space, a shower, bath-tub and a separate toile. The bedrooms rooms come with build in cupboards. It has covered allocated parking space. The complex uses a tag for entrance and exit. Cars use a remote.

AMENITIES:

This property is a neighbour to culinary school, Boston college, art and language schools, University of Pretoria is 10 minutes walk, Loftus shopping complex is less 5 minutes drive, Union Building is overseeing this investment property, and recreational parks are surrounding the area.

MANAGEMENT:

The complex is well managed with good financials. There is a full time caretaker and a cleaner.

INCOME VS. EXPENSES:

If its bought with the bank the R15,600 will cover the bond of R7600, levies at R2300, fluctuating rates of R280; leaving the owner with a good profit of R5400pm. Electricity and water bill are tenants responsibility.

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Property Key Features

Rooms

  • 6 Bedrooms
  • 2 Bathrooms

Services

  • Levy R2139
  • Rates and Taxes R287

More Features

  • Property Type - Apartment
  • Seller Type - Private Property
  • Floor Area - 134m2
  • Price per square floor meter - R5,410 per m2

Property Photos

Contact Info

Owner details

Contact Kenneth Madede

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email or phone number
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Phone Agent Now
Phone number for Kenneth Madede
0710298057

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