Web Ref RL5660
R2,800,000
Monthly Bond Repayment R29,379.16
Calculated over 20 years at 11.25% with no deposit.
Change Assumptions
Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter
Monthly Rates
R2,488
R2,488
An investment opportunity in Malvern
Mariam Hanif of Legacy Real Estate Group brings you this perfect investment opportunity in Malvern, Durban.
Attention all investors! Here’s an opportunity to own a valuable rental property in Malvern, a sought-after location for tenants looking for comfort and convenience. This 2-floor apartment block consists of four charming, 2-bedroom units, with two units on each floor. Each apartment features an open-plan lounge, kitchen and toilet and bathroom creating a cozy and efficient space for residents to call home.
Property Highlights:
Four 2-Bedroom Units: Each unit is designed for comfortable living, with a functional open-plan lounge and kitchen.
Rental Income: Current rental income stands at R6,800 per unit, totaling R27,200 per month.
Prepaid Utilities: Utilities are prepaid, simplifying management and reducing hassle.
Space for Expansion: The property has a spacious yard with ample room to add another unit, increasing the potential rental income.
Tenanted Investment: The property comes with tenants in place, lease is till October 2025, so you can start earning rental income immediately upon purchase.
With its strong rental demand, this property offers an attractive investment with consistent income and room for future expansion. Whether you're expanding your portfolio or seeking a reliable income-generating asset, this Malvern property is a fantastic opportunity.
Don't miss out – contact us today to make this income-generating property yours!
Attention all investors! Here’s an opportunity to own a valuable rental property in Malvern, a sought-after location for tenants looking for comfort and convenience. This 2-floor apartment block consists of four charming, 2-bedroom units, with two units on each floor. Each apartment features an open-plan lounge, kitchen and toilet and bathroom creating a cozy and efficient space for residents to call home.
Property Highlights:
Four 2-Bedroom Units: Each unit is designed for comfortable living, with a functional open-plan lounge and kitchen.
Rental Income: Current rental income stands at R6,800 per unit, totaling R27,200 per month.
Prepaid Utilities: Utilities are prepaid, simplifying management and reducing hassle.
Space for Expansion: The property has a spacious yard with ample room to add another unit, increasing the potential rental income.
Tenanted Investment: The property comes with tenants in place, lease is till October 2025, so you can start earning rental income immediately upon purchase.
With its strong rental demand, this property offers an attractive investment with consistent income and room for future expansion. Whether you're expanding your portfolio or seeking a reliable income-generating asset, this Malvern property is a fantastic opportunity.
Don't miss out – contact us today to make this income-generating property yours!
Features
Pets Allowed
Yes
Interior
Bedrooms
8
Bathrooms
4
Kitchen
4
Reception Rooms
4
Furnished
No
Exterior
Security
No
Parkings
15
Pool
No
Sizes
Floor Size
60m²
Land Size
614m²
