6 Units | Property Investment | Residential | Tenanted | High Yield Potential
Contact Agent For Address 3rd Avenue
7
5
7 Bedroom House For Sale in Melville
Contact Agent For Address 3rd Avenue,
6 Units | Property Investment | Residential | Tenanted | High Yield Potential
Monthly Bond Payment: R
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7
Number of Units
• 2x Spacious 2 Bedroom Units
• 2x Spacious bachelor units
• 1x small bachelor unit
• 1x Large open room with bathroom & kitchenette (could convert to 2 studios)
Utility Billing
• Water – Prepaid
• Electricity – Prepaid
Municipal Expenses
• Rates: R1 600
• Sewerage: R1 600
• Refuse Removal: R464
This multi-unit property conveniently sits on the corner of 7th Street and 3rd Avenue, Melville. Its multiple unit nature makes it an ideal property investment as it spreads the risk of the investor amongst multiple units (revenue streams) as opposed to a single unit. That way a single vacancy doesn’t mean no income with all holding expenses landing on the investor. The property’s location, being close to UJ, SABC and a cluster of smaller media houses around Auckland Park and Richmond, The ABSA Call Centre, Milpark & Helen Joseph hospitals as well as many other institutions, employers and amenities guarantees that your units don’t stay vacant too long. The permanent nature of institutions such as The SABC, The University of Johannesburg, hospitals Milpark and Helen Joseph and several others who have invested in massive infrastructure also ensures that there will be a demand for accommodation for decades to come.
5 of the property’s 6 units are tenanted with the 6th unit requiring a bit of work to be done on it. If split into two units the 6th unit can guarantee a further R10 000 in income and potentially more depending on how well the units are done.
| Bond Payments | R |
| Mun. Rates & Taxes | ZAR 1,600 |
| Web Ref | RXAE-4827 |
| Property Type | House |
| Bedrooms | 7 |
| Bathrooms | 5 |
Sketch Botshelo
Candidate Property Practitioner
RE/MAX 2000 (Florida)
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Monthly Bond Payment: R
