5 Bedroom Apartment in Mayfair West

Excellent Investment Opportunity in Mayfair R2,495,000

Excellent Investment Opportunity in Mayfair R2,495,000

An excellent income-generating property situated in the well-established and conveniently located suburb of Mayfair.

The property consists of 4 separate one-bedroom flats, making it ideal for an investor looking for multiple rental income streams from a single property.

Property Features

4 1-bedroom flats

Each flat generates approximately R5,500 per month

Total rental income: R22,000 per month

Annual rental income: R264,000

Conveniently located close to schools and mosques

Established residential area with easy access to surrounding amenities

Excellent investment and rental-income potential

Asking Price: R2,495,000

At the asking price, the current rental income represents an approximate 10.6 gross annual rental yield, before rates, maintenance and other expenses.

A great opportunity for an investor looking to expand their property portfolio with a multi-unit income-generating property in Mayfair.