- 11
- 9
- 346 m2
- 1 324.0 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
Affordability Calculator | Bond Costs Calculator | Bond Repayment Calculator | Apply for a BondBond Calculator
Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.
Mun. Rates & Taxes: ZAR 3800.00
Property description
Investor's Dream in Sought-After Athlone Park - Exceptional Income-Generating Opportunity!
This versatile multi-let property is the definition of value for money, offering incredible income potential and endless possibilities for the savvy investor. Set in a prime position with lovely panoramic views, this substantial property is currently generating an impressive rental income of R45 000 per month, with existing tenants already in place.
The MAIN residence has been cleverly divided into two spacious units:
* A comfortable 2-bedroom, 2-bathroom unit with guest toilet, and private braai area, stepless and pretty kitchen, huge lounge and dining area.
* A generous 3-bedroom, 2-bathroom unit, complete with upstairs braai facilities, a washroom, and guest toilet, steps to this unit.
"Below" the main house, you'll find an additional fully fitted 2-bedroom apartment with lounge, dining room, kitchen, and bathroom facilities - ideal for extended family or additional rental income. Add to the mix - your own outside area.
Adding even more value - four separate apartments positioned in a row on the property.
A fantastic fact - all units are currently tenanted, creating a strong and immediate return on investment.
Parking will never be an issue, with three expansive parking levels accommodating approximately 15 vehicles in total:
> Upper-level parking - visitors parking - 4
> Mid-level parking - residents parking - 6
> Lower-level parking - residents parking - 6
The property also offers communal outdoor areas with patches of lawn and braai spaces, creating a relaxed and welcoming environment for all tenants.
At an asking price of R2.890 million, this is a rare opportunity to secure a high-yield investment property in one of the most desirable pockets of Athlone Park. Whether you are expanding your portfolio or entering the investment market, this property delivers space, flexibility, and outstanding earning potential. The finishes are really decent and modern. A well-maintained property to invest in. Come grab this with both hands if you are serious about investing money that could double its value.
CALL me for your in person walk through.
Property Details
- 11 Bedrooms
- 9 Bathrooms
- 3 Lounges
- 2 Dining Area
Property Features
- Balcony
- Patio
- Laundry
- Pets Allowed
- Fence
- Access Gate
- Scenic View
- Guest Toilet
- Paving
- Garden
| Bedrooms | 11 |
| Bathrooms | 9 |
| Floor Area | 346 m2 |
| Erf Size | 1 324.0 m2 |
Contact the Agent
Crisna van der Bank
Full Status Property Practitioner