Incredible Potential! 16-Unit Block of Flats – A Lucrative Investment Opportunity

A transformational opportunity for investors seeking to breathe new life into this block of flats, is an investor’s dream, offering
incredible potential with 16 spacious units and parking space. Each unit is equipped with pre-paid electricity, giving tenants control over their usage, and ensuring a smooth rental process.

Advantages:
1. Low monthly rates of only R3,700 ensure minimal overhead expenses, making it an attractive investment for savvy buyers.
2. The block of flats generates a lucrative income of over R39,000, presenting an excellent return on investment from the start.
3. While there are currently 7 vacant units, rest assured that our proactive marketing strategies are in full swing to attract tenants and fill those vacancies quickly.
4. The property’s expenses are well under control, including rates, cleaner, insurance, and general maintenance, ensuring optimal profitability.

Unique Investment Opportunity:
One of the standout features of this property is its corporate ownership. Being held under a company’s name eliminates the need for costly transfer fees, streamlining the acquisition process for potential buyers.

Unlocking Value-Add Potential:
Although the property is already a lucrative investment, its true potential lies in the value appreciation that can be achieved through strategic enhancements. By modernizing and upgrading the units, an astute investor can significantly increase rental returns and boost the overall property value.

Don’t miss out on this incredible investment opportunity! Act now to secure this block of flats with immense potential for value appreciation and a lucrative income stream. Contact us today to schedule a viewing and start your journey towards real estate success.

Latest property for sale or rent in Gauteng, South Africa – Property24