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Flat / Apartment1 / 22Pick how you want to view this place
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1 Cunningham Court, 15 Lorraine Avenue, Umbilo, Durban, KwaZulu-Natal
R 5 000 000
An investment opportunity awaits you in a very quiet suburb of Durban. Already fully tenanted and generating more than R55000 in monthly income, this is an opportunity not to be missed. A mix of shared accommodation as well as self contained flats. Property features: -4x 3 bed flats (all en suite) -3x 2 bed flats -1x 1 bed flat -1x bachelor unit -3x single rooms with a shared kitchen and bathroom facilities. -2x store rooms -2x lock up garages -Open bay parking for more than 10 vehicles. All the units are fitted with pre paid electricity and water is inclusive of the rent. The apartment block has been renovated and all flats are tiled throughout ensuring ease of maintenance. A caretaker lives on the premises as well as a general cleaner taking care of the block 3 times per week. The property is fully fenced and has 24hr remote controlled access ensuring peace of mind for all tenants. A worthwhile income generating possibility is waiting for its new owner so don't miss out. With endless potential and perfect location this fantastic opportunity is ideal for a savvy investor. Call today to book a viewing
Estimated monthly repayment
R 47 217
on a R 4 500 000 bond over 20 years at 11.25%
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1 Cunningham Court, 15 Lorraine Avenue, Umbilo, Durban, KwaZulu-Natal
Fair-value check
Priced highPriced 713% above comparable 4-bed apartments for sale in Umbilo
Based on 11 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Dylan Fourie
Unclaimed listing — claim it to verify
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