R3,350,000
R3,350,000
Covered
Open
Neels Potgieter
Jaacov Dadon
Investment Opportunity: 18-Unit Block of Flats in Springs Central
Investment Opportunity: 18-Unit Block of Flats in Springs Central
Potential Gross Rental Income: Approximately R52,000 per month
Potential Parking Bay income R7 850
All Municipal utilities are recovered
Condition: Requires TLC and upgrades
Potential ROI: Above 15% with correct tenant mix
This block of 18 flats in Springs offers a lucrative investment opportunity for savvy investors looking to capitalize on the growing demand for rental properties in the area. With some TLC and strategic upgrades, this property has the potential to generate significant rental income and provide a strong return on investment.
Key Features
- 18 units, offering a diverse range of potential tenants Flats
- 10 x 1 Bedrooms
- 4 x 2 Bedrooms
- 1 x 3 Bedroom
- 3 x Bachelor Flats
- Ample Parking
- 10 x Basement parking's
- 6 x Lock up Garages
- 13 Open parking bays
- Prime location in Springs, with access to amenities and public transport
- Potential gross rental income of approximately R52,000 per month
- Opportunities for upgrades and renovations to increase property value and rental income
- Potential ROI above 15% with correct tenant mix and management
Investment Strategy
- Upgrade and renovate units to attract higher-paying tenants
- Implement effective property management to minimize vacancies and optimize rental Income
- Target a diverse range of tenants, including, Singles, families, and students
- Monitor expenses and optimize maintenance to ensure maximum returns.
Neels Potgieter, registered with the PPRA as a Principal Property Practitioner, under Real Royal Commercial Properties (Pty) Ltd t/a Century 21 Johannesburg South, registered with the PPRA as a Business Practitioner, who does not operate a trust account.
Potential Gross Rental Income: Approximately R52,000 per month
Potential Parking Bay income R7 850
All Municipal utilities are recovered
Condition: Requires TLC and upgrades
Potential ROI: Above 15% with correct tenant mix
This block of 18 flats in Springs offers a lucrative investment opportunity for savvy investors looking to capitalize on the growing demand for rental properties in the area. With some TLC and strategic upgrades, this property has the potential to generate significant rental income and provide a strong return on investment.
Key Features
- 18 units, offering a diverse range of potential tenants Flats
- 10 x 1 Bedrooms
- 4 x 2 Bedrooms
- 1 x 3 Bedroom
- 3 x Bachelor Flats
- Ample Parking
- 10 x Basement parking's
- 6 x Lock up Garages
- 13 Open parking bays
- Prime location in Springs, with access to amenities and public transport
- Potential gross rental income of approximately R52,000 per month
- Opportunities for upgrades and renovations to increase property value and rental income
- Potential ROI above 15% with correct tenant mix and management
Investment Strategy
- Upgrade and renovate units to attract higher-paying tenants
- Implement effective property management to minimize vacancies and optimize rental Income
- Target a diverse range of tenants, including, Singles, families, and students
- Monitor expenses and optimize maintenance to ensure maximum returns.
Neels Potgieter, registered with the PPRA as a Principal Property Practitioner, under Real Royal Commercial Properties (Pty) Ltd t/a Century 21 Johannesburg South, registered with the PPRA as a Business Practitioner, who does not operate a trust account.
Monthly Rates
R7,550
Features
Zoning
Interior
Sizes
Parking Bays
Additional Amenities
Listing Info
Springs Central, Springs
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Century 21 South Africa website is accurate and up to date, Century 21 South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
