Discover the ultimate investment property in the highly sought-after Montrose area. This property offers a unique and lucrative income-generating opportunity that is not to be missed.
Currently, this property features five income-generating flats, already bringing in a substantial monthly income of R33,900. However, the potential for increased earnings is immense. You have the option to convert the main bedroom into a bachelor flat, and two additional bedrooms, a bathroom, and a kitchen can be transformed into another rentable space, potentially increasing your monthly earnings to an impressive R45,000.
But the potential doesn't stop there. You also have the option to rent out the entire main house, maximizing your rental income even further. Additionally, there is ample space at the bottom of the garden, perfect for building two or three more flats, making this property an outstanding investment opportunity with substantial growth potential.
Security is a top priority with beams both inside and outside the property, providing peace of mind for both you and your tenants. What's more, tenants are already in place on a month-to-month basis, ensuring a consistent source of income from day one.
This property not only offers a great earning potential but is also located in the highly desirable Montrose area, making it an even more enticing investment opportunity. Don't miss out on this outstanding chance to secure your financial future with a property that combines immediate returns and long-term growth prospects.
Montrose is a highly sought after suburb of Pietermaritzburg, the capital city of KwaZulu Natal. Lying in the Msunduzi River valley at the base of the escarpment Pietermaritzburg is an attractive leafy town with a rich history and sets the stage for a number of well-known sporting events: the Comrades Marathon (also known as The Ultimate Human Race), Duzi Canoe Marathon and the Midmar Mile.
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Disclaimer: While every effort will be made to ensure that the information contained within the Seeff Property Group website is accurate and up to date, Seeff Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.