Prime Investment Opportunity: 4-Unit Apartment Block in Rosettenville
Asking Price: R1,650,000
This well-maintained, double-storey facebrick apartment block presents an excellent investment opportunity in a sought-after Rosettenville location.
Key Features:
* 4 Spacious 3-Bedroom Units: Providing ample living space for tenants.
* Generous Gross Lettable Area (GLA): Approximately 200 square meters.
* 4 Secure Parking Bays: Enhancing tenant convenience and appeal.
* High Income Potential: Anticipated gross annual income of R225,600 when fully occupied.
* Low Maintenance: Durable facebrick construction minimizes upkeep costs.
* Convenient Tenant Billing: Pre-paid water and electricity meters for easy management.
* Residential 4 Zoning: Offers flexibility for potential future development (subject to council approval).
Financial Highlights:
* Monthly Rates and Taxes: R857.12
Erf Size: 450 square meters
Don't miss this chance to acquire a profitable investment property in Rosettenville.
