This 2.5 bedroom apartment presents an excellent opportunity for savvy investors looking to expand their portfolio in a consistently strong rental market. Located in a sought-after, well-managed block with excellent rental appeal, this unit is already tenanted at R7,500 per month with a rental increase to R7,800 expected shortly - offering immediate income and future growth potential. The building’s proximity to public transport, Windermere Centre, Florida Road, and DPHS makes it highly attractive to long-term tenants who prioritise centrality and accessibility.
The apartment itself requires a few minor upgrades which have been taken into account when pricing the property - namely - the addition of a stove in the kitchen and built-in cupboards in the second bedroom. This makes it a perfect opportunity for value-adding improvements that can further secure a good rental income. With its bright and airy atmosphere, enclosed balcony for added usage, and low-maintenance Oregon pine flooring, this property ticks all the right boxes for tenants seeking a functional and well-located home.
This is a no-fuss, income-generating asset that offers excellent returns in a high-demand market. Although the unit comes without parking, its location makes it ideal for tenants who rely on public transport. With the current tenant already in place, you can step straight into a performing investment with potential to increase both yield and value with minimal effort.
To secure this opportunity, enter your details in the Contact Agent box and click Send Message to connect with Sarah, Zaahid, or Fari.