Great investment. Thw bedroom unit in Monterey. The property is leased with a tenant that pays R7000-00 rental including water. Pre-paid electricity. Monterey boasts with upgraded security, located amongst prime amenities in the Johannesburg CBD.
The apartment has two separated bedrooms, separate living room that is utilised as a bedroom, enclosed balcony, separate bathroom, separate kitchen with cabinets. Both bedrooms are fitted with cupboards.
The structure and condition are in a good state, although minor maintenance is needed. Levy is R1138.50 p.m.
As an investment, the following calculations might surprise you:
25% R.O.I Nett with a R6500-00 rental on a R220 000-00 Cash purchase price.
Make an offer as soon as possible as this one will sell quick.
