Very neat one bedroom unit in Monterey. The property is well kept and has a potential of producing R4500-00 rental excluding utilities. Monterey boasts with upgraded security, making it attractive for residents seeking suitable accommodation in the area.
The apartment has a main bedroom with wardrobe cupboards, separate living room that is utilised as a bedroom, separated toilet, separate kitchen with cabinets, separated bathroom with working geyser and an enclosed balcony that is also used as a bedroom.
The structure and condition of the unit is acceptable; there might be TLC maintenance needed. A quote can be supplied on request. The levies are R935-00 p.m.
As an investment, the following calculations might surprise you:
20% R.O.I Nett with a R4500-00 rental on a R180 000-00 Cash purchase price.
Make an offer as soon as possible as this one will sell quick.
