Description
I have a property that is ideal for investors in the Durban Overport area. The house is located at Alpine Road, Overport, Durban.
The property has 2 x 2 bedroom flats ( 2 x bedroom, lounge, kitchen and bathroom toilet) 1 x 3 bedroom flat( 3 x bedrooms, lounge, lounge, kitchen and bathroom toilet) 1 x 1.5 bedroom flat ( 1.5 bedroom, kitchen and toilet bathroom) with ample parking.
Selling price of R 3,100,000-00. The house is currently has the potential of generating an income of R 27,000 pm or R 324,000-00 pa this is a return of 10.5% pa.
The bond repayment on R 3,100,000-00 is R 24,000-00. This is a great investment as it able to pay its bond.
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