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7 Bedroom House For Sale in Port Elizabeth Central

R1 440 000

Bedroom icon 7 2 1 258m2 347m2
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7 Bedroom House For Sale in Port Elizabeth Central

INCOME GENERATING OPPORTUNITY

Bedroom icon 7 2 1 258m2 347m2

7 Bedroom House For Sale in Port Elizabeth Central

INCOME GENERATING OPPORTUNITY

R1 440 000

Monthly Bond Payment: R

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  • ZWL
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2 Bedroom icon 7 1 347m2

Features

  • Parking 5
  • Lounge 1
  • Dining Areas 1
  • Flatlets 1
  • Access Gate
  • Kitchen
  • Pantry
  • Paving

Description

Introducing a high income investment opportunity in a good location within PE Central. This 7-bedroom property is a potential goldmine for the savvy investor, and is sold fully furnished. The main dwelling consists of 4 double bedrooms, and 2 singles. The flatlet has 1 bedroom with potential for 2 more.

HIGH RETURN ON INVESTMENT: With a monthly income of R24 300, this property offers an impressive return on investment. The nett income after all costs (rates, water, internet, cleaning) is approximately R18 500 monthly. The electricity is pre-paid, and for the tenants’ account.

MULTI-TENANTED: The property is multi-tenanted all year, with leases in place. This spreads the risk and ensures a steady income stream.

GOOD LOCATION: The property is conveniently located close to transport routes, and is well positioned directly opposite Sunnyside Hospital in Bird Street. In the street are prominent law firms, the High Court.

FURTHER POTENTIAL: The extra-large garage is currently used for storage. It is attached to the flatlet, and is easily convertible to further accommodation. The property could also be used as student accommodation, which would increase the monthly rental further.

The reduced asking price makes this a great property investment with a high rental income.

Call Hagen to view. By appointment only.

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 2,500

Property Details

Web Ref RXBL-14093
Property Type House
Building Size 258m2
Erf Size 347m2
Bedrooms 7
Bathrooms 2
Garage 1

Contact Agent

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Hagen Junger

Sales Associate

RE/MAX Independent Properties (Lorraine)

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Enquiry about property Ref:RXBL-14093

R1 440 000

Monthly Bond Payment: R

currency bond calculator
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Contact Agent

Agent profile picture

Hagen Junger

Sales Associate

RE/MAX Independent Properties (Lorraine)

Show number

Show number

MessageCall me back Whatsapp
Book a viewing

Contact Hagen Junger

Agent profile picture

Hagen Junger

Sales Associate


RE/MAX Independent Properties (Lorraine)

Show number

Show number

Enquiry about property Ref:RXBL-14093

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