2 Bedroom Apartment in Noordheuwel

R 569 000

Frik Ernst

Frik Ernst Real Estate

Pj van Heerden

Frik Ernst Real Estate

2 Bedroom Apartment in Noordheuwel

R 569 000

2 Beds
1 Baths

Investment opportunity: A flat on the first floor with an existing stable tenant

We all dream of buying that investment property, but we are all scared that we might battle with slow paying tenants. This is an exception to the rule. The current tenant is a church organisation from America. Instead of paying month end, they already pay on the 27th of the month. There is also a pre-paid meter. The landlord will thus not get a surprise when the utility bill comes monthly. Current rental income: R5250. The monthly levy is R750 and other utility expenses is about R450. This is thus a real investment opportunity. within 3 years from now, this property will pay for itself. Maintenance is very low as this is on the first floor, thus no garden to maintain. The building is facebrick outside and the interior paint and carpets are in a good condition. The floor tiles are terracota, thus a neutral colour that does not show dirt.

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Key Property Features

2
Bedrooms
1
Bathrooms
1
Lounges
Kitchen

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Frik Ernst

Frik

Ernst

Pj van Heerden

Pj

van Heerden

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Experience Krugersdorp

Krugersdorp is a town with a lot of history, culture and landscapes. The locals are the kind of neighbours you can still borrow a cup of sugar from, in this close community. Due to its rich history, Krugersdorp has many historical buildings, museums and well built homes. It's a family-friendly neighbourhood, conveniently located near highways to Johannesburg CBD and other business districts.

Paul Kruger statue in Krugersdorp
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2 Bedroom Apartment in Noordheuwel

R 569 000

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