R990,000 | 6 Bedroom Apartment For Sale in Glenwood

Passive Investor's Dream in Glenwood, Durban

Property Overview:
Situated in the heart of Glenwood, Durban, this investment property caters exclusively to the savvy investor who seeks passive income and long-term growth. The location, just a 7-minute walk to Glenwood Village Spar and pubs, ensures convenience and accessibility to public transport and day to day institutions.

Unit Configuration:
- Originally 2.5 bedrooms,
- - The property is currently partitioned into 6 individual rooms.
- Each tenant contributes between R2000 to R2500 per month,
-- Yielding a solid monthly income of R12,000 to R15,000.

Current Expenses:
- Lights and water(Prepaid meter installed): R1800
- Levies: R2000
- Rates: R1000

Cash Flow Analysis:
- After deducting expenses, the estimated monthly cash flow ranges from R8,200 to R11,200.
- This translates to an impressive annual return on investment and yield. A detailed breakdown can be provided upon request.
- Also the cashflow can easily be used to pay for a bond should the investor take one.

Investor Benefits:
- Ideal for a cash flow-focused investor seeking steady passive income.
Prime location near Schools, Universities, and Private Hospitals for long-term value appreciation.
- Flexibility to revert to the original 2.5-bedroom configuration as partitions are temporary.

Viewing Details:
Viewing is strictly by appointment to accommodate serious buyers. Reach out to Neville via call or WhatsApp for more details and to schedule a viewing.

This property offers a unique opportunity for investors to generate consistent cash flow while strategically positioning themselves in a thriving neighborhood with potential for future growth.