Income-Generating Residential Block for Sale in Bulwer, Durban
Income-Generating Residential Block for Sale in Bulwer, Durban
An excellent investment opportunity to acquire a fully tenanted residential block in Bulwer, comprising 33 bachelor units of approximately 20m² each. The building is currently occupied by working professionals rather than student tenants, providing an established rental base and the potential for consistent occupancy. Each unit has prepaid water and electricity, while the property is positioned next to a large student accommodation complex, adding to the area's established demand for compact rental accommodation.
The property generates R155,100 in gross monthly rental income, based on a rental of R4,700 per unit. After accounting for the stated utilities, insurance and management costs, the figures provided indicate a net monthly income of approximately R144,000 (R1.73 million annually). With approximately 80% of utility costs recovered from tenants, the property offers an attractive income-generating opportunity, with an indicated gross rental yield of approximately 17% at the asking price. The building is conveniently located near Davenport, Glenwood Boys High School, Durban University of Technology (DUT) and EFT College, making it well positioned for access to educational institutions, shopping facilities and major transport routes. This is an opportunity for investors seeking an established rental portfolio with multiple income streams and existing tenants.
Contact Humera or Maurice to arrange your exclusive viewing today.
An excellent investment opportunity to acquire a fully tenanted residential block in Bulwer, comprising 33 bachelor units of approximately 20m² each. The building is currently occupied by working professionals rather than student tenants, providing an established rental base and the potential for consistent occupancy. Each unit has prepaid water and electricity, while the property is positioned next to a large student accommodation complex, adding to the area's established demand for compact rental accommodation.
The property generates R155,100 in gross monthly rental income, based on a rental of R4,700 per unit. After accounting for the stated utilities, insurance and management costs, the figures provided indicate a net monthly income of approximately R144,000 (R1.73 million annually). With approximately 80% of utility costs recovered from tenants, the property offers an attractive income-generating opportunity, with an indicated gross rental yield of approximately 17% at the asking price. The building is conveniently located near Davenport, Glenwood Boys High School, Durban University of Technology (DUT) and EFT College, making it well positioned for access to educational institutions, shopping facilities and major transport routes. This is an opportunity for investors seeking an established rental portfolio with multiple income streams and existing tenants.
Contact Humera or Maurice to arrange your exclusive viewing today.
Features
Zoning
Sizes
Listing Info
Bulwer, Durban
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Legacy Real Estate Group website is accurate and up to date, Legacy Real Estate Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.