Prime income-producing investment near UJ Doornfontein and Joburg CBD, walking distance to campuses and transport hubs. 32-unit block with on-site tuck shop; current income R70k (R115k full).
CALLING INVESTERS FROM R 2 600 000
This block of flats consist of 32 unit, in which we have:
10 unit of 1 bedroom, kitchen, massive lounge and 1 bathroom
12 Bachelors unit with sharing bathrooms
10 single bedroom with sharing bathrooms
There is also a tuck shop
currently the building is 55% occupied with a total income of R 70 000, if fully let the total income will be R 115 000
The building is 800m from UJ Doornfontein, and a walking distance to Joburg CBD
Easy access to public transport
Listed for sale at R3,200,000
Price reduced by 6.6% to R2,990,000
Doornfontein is a vibrant, centrally located urban neighborhood that offers an accessible, fast-paced lifestyle for students and young professionals seeking proximity to Johannesburg's inner-city educational and commercial hubs.
* Distances and amenities are approximate.