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Ivory Park, Ivory Park, Midrand, Gauteng
R 900 000
This well-positioned 244 m², 9 room investment property in high demand Ivory Park is a rare opportunity for serious investors seeking immediate and consistent rental income. The property is fully tenanted and currently generates a solid monthly income of R13,000. Rental breakdown includes: 1 room at R2,500 2 rooms at R1,300 each 2 rooms at R1,200 each 1 room at R1,000 3 rooms at R1,500 each Perfectly located on a busy main road and close to shops and essential amenities, the property enjoys strong rental demand and excellent tenant retention. Property features include: 9 income generating rooms 2 outside toilets Burglar bars on all rooms for added security Spacious 244 m² stand with great potential There is also exciting potential to convert the property into a double storey, allowing for even higher rental returns and long-term value growth
Estimated monthly repayment
R 8 499
on a R 810 000 bond over 20 years at 11.25%
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Ivory Park, Ivory Park, Midrand, Gauteng
Listed by
Grace Mokoena
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