Looking for an affordable investment property with solid rental returns?
This 3-bedroom flat in the well-known Keurboom Flats, Algoa Park, is the perfect opportunity for cash buyers.
Key Investment Highlights:
Yield: 16%
= 48,000 (total rental income per year) divided by 300,000 (property value) x 100
Price: R300,000
Average rental income: R3000 - R4,000 per month
Status: Occupied by owner
Property Features:
Single garage
3 bedrooms
Separate kitchen and living area
Minor cosmetic repairs needed: a few broken tiles and some window damage (great opportunity to add value)
Secure complex living
Ideal For:
Cash buyers looking for a good return on rental properties
Renovators seeking light projects for quick turnaround
