Athlone Park - MR714873

House in Athlone Park, Durban - South Coast, Kwa-Zulu Natal

R 2,899,000

... Numbers not adding up?

11
9
346m2
1324m2
Athlone Park - MR714873
House in Athlone Park, Durban - South Coast, Kwa-Zulu Natal
R 2,899,000
11 Bedroom House for Sale For Sale in Athlone Park - MR714873
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Key Features

Rooms

  • 11 Bedrooms
  • 9 Bathrooms
  • Laundry room
  • Guest toilet

Services

  • Rates and Taxes R3800

External Features

  • Balcony
  • Patio (open)

Lot Features

  • Fenced

More Features

  • Property Type - House
  • Seller Type - Private Property
  • Floor Area - 346m2
  • Erf Size - 1324m2
  • Price per square floor meter - R8,379 per m2
  • Price per square erf meter - R2,190 per m2

MyRoof Stats

  • 3 Views
PID=714873 DID=738900 SID=1

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
> L


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