- 14
- 6
- 58 m2
Monthly Costs
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Property description
CENTRAL R3500000
ACCREDITED NSFAS HIGH-YIELD STUDENT ACCOMMODATION INVESTMENT - 6 FLATS | BALMAIN
R3 500 000 for all six flats
An exceptional opportunity to acquire six income producing student accommodation flats in the Balmain complex.
The six units currently accommodate students and generate a combined net rental income of approximately R65 000 per month, offering an attractive income stream for the serious property investor.
There is also further income potential, with Flat 6 currently generating R8 000 net per month but having a potential net income of approximately R12 928 per month. If fully optimised, the combined potential net income could increase to approximately R70000 per month.
Complex Features
The Balmain complex offers practical features ideally suited to student accommodation, including:
* Prepaid water and electricity meters
* Wi-Fi availability
* Communal laundry facility with washing machine and tumble dryer
* Two lifts servicing the complex
* Biometric access control for added security
* Well maintained communal areas
With six units being sold together for R3 500 000, an established student tenant base and strong monthly rental income already in place, this is a compelling opportunity for an investor looking for immediate cash flow and further income potential.
Contact me today for more information, rental figures and to arrange a viewing.
Property Details
- 14 Bedrooms
- 6 Bathrooms
- 6 Lounges
Property Features
- Kitchen
- Paving
Video
| Bedrooms | 14 |
| Bathrooms | 6 |
| Floor Area | 58 m2 |
