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3 Bed Apartment in Berea

R 270 000

3 Beds

1.5 Baths

Can I afford this?

Floor Area 103 m² Levy R 1490

Situated in Hillbrow''s Goldreich Street within Roseacres, this expansive first-floor apartment spans 103 m2 and boasts three bedrooms, a spacious living room, a balcony, a bathroom with a toilet, and an additional separate toilet. The building, home to 41 well-managed units, ensures reliable security.

Generating a monthly gross rental income of R 6000, there exists the potential to elevate it to R 6600, given the apartment''s generous size. The monthly levies are attractively low at R 1490, contributing to a commendable return on investment. Currently, the unit is occupied by dependable tenants.

It''s noteworthy that a special levy of R 1259.06 is currently in effect, covered by the Seller, and this levy is set to conclude after a 12-month period.

Considering the present rental income and selling price, the net yield stands at 20%. Should the rent be increased to R 6600, the net yield escalates to an impressive 22.7%.