24 Bedroom Apartment in Glenwood

Prime Investment Opportunity Near UKZN and DUT Exceptional Rental Returns

Located in the vibrant suburb of Bulwer, this spacious 24-unit double-block property offers an outstanding investment opportunity, perfectly suited for student or shared accommodation. The front block features 14 ensuite rooms, each equipped with its own prepaid electricity meter and a fitted kitchen with an individual prepaid meter, ensuring full control over utilities and easy management for both tenants and the owner.

The rear block consists of 10 rooms, including 6 ensuite units, all with prepaid meters. Tenants share a fully fitted kitchen along with separate shower and toilet facilities. Additional features include free Wi-Fi, secure parking for up to 10 vehicles, and an electric fence (currently not operational). Ideally situated, the property is within close proximity to UKZN, DUT, hospitals, schools, shopping centers, taxi ranks, and the Durban beachfront, making it highly desirable for students and young professionals.

With rental rates of R2,250 per person sharing or R3,950 per room single, the property boasts a potential monthly income of up to R108,000, equivalent to approximately R1.29 million annually. Offering 24 units, each with its own prepaid meters, this is a prime investment opportunity with excellent income potential in one of Durbans most sought-after student accommodation hubs.

CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as RE/MAX Address (Berea) operates in terms of a franchise agreement with RE/MAX of Southern Africa.