24 Bedroom Apartment / flat for sale in Umbilo

Exceptional 24-Bedroom Income-Generating Asset in Umbilo, Durban Discover a remarkable investment opportunity in Umbilo, Durban's vibrant metropolitan and suburban hub. This expansive property offers an impressive 797 square metres of floor space, featuring an extraordinary 24 bedrooms and 10 bathrooms. Currently fully tenanted and generating a monthly income exceeding R55,000, this property represents a turnkey solution for a savvy investor seeking high-yield student accommodation or a multi-unit residential portfolio. The substantial accommodation is thoughtfully divided into a mix of self-contained flats and shared living spaces. The layout includes four 3-bedroom en-suite flats, three 2-bedroom flats, a 1-bedroom flat, and a bachelor unit. Additionally, three single rooms with shared kitchen and bathroom facilities provide versatile housing options. Every unit is fitted with pre-paid electricity meters, and the interior has been fully renovated with tiling throughout to ensure ease of maintenance and long-term durability. Externally, the property benefits from a private garden and two dedicated storerooms. Practical amenities are a standout feature, including two lock-up garages and open-bay parking for more than ten vehicles. Security is a priority, with the premises being fully fenced and featuring 24-hour remote-controlled access via a security gate, ensuring total peace of mind for all residents. Professional management is already in place, with a resident caretaker and a general cleaner servicing the block three times per week. Located in a quiet pocket of Umbilo, this property perfectly balances suburban tranquility with easy access to local amenities, educational institutions, and transport links. It represents a compelling, low-risk asset with proven income-generating potential and significant scope for capital growth. Early viewing is highly recommended to fully appreciate the scale and professional standard of this fantastic opportunity. Key Features 24 Bedrooms, 10 Bathrooms (Including 4 En-suite Flats) 797 sqm Total Floor Area R55,000+ Monthly Rental Income (Fully Tenanted) 2 Garages andamp; 10+ Parking Spaces Pre-paid Electricity in All Units 24-Hour Remote Access andamp; Fully Fenced Perimeter Resident Caretaker andamp; Regular Maintenance Staff CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as RE/MAX Address (Berea) operates in terms of a franchise agreement with RE/MAX of Southern Africa.