Excellent Investment Opportunity in Mayfair – R2,495,000
Excellent Investment Opportunity in Mayfair – R2,495,000
An excellent income-generating property situated in the well-established and conveniently located suburb of Mayfair.
The property consists of 4 separate one-bedroom flats, making it ideal for an investor looking for multiple rental income streams from a single property.
Property Features
* 4 × 1-bedroom flats
* Each flat generates approximately R5,500 per month
* Total rental income: R22,000 per month
* Annual rental income: R264,000
* Conveniently located close to schools and mosques
* Established residential area with easy access to surrounding amenities
* Excellent investment and rental-income potential
Asking Price: R2,495,000
At the asking price, the current rental income represents an approximate 10.6% gross annual rental yield, before rates, maintenance and other expenses.
A great opportunity for an investor looking to expand their property portfolio with a multi-unit income-generating property in Mayfair.
