24 BEDROOM BUILDING IN UMBILO

Umbilo, DurbanContact the agent for the street address

R 5 000 000

Reference 1246

24 Bedrooms
10 Bathrooms
2 Garages
741 m² Erf size

About this property

Exceptional Income-Generating Apartment Block in Umbilo, Durban A rare investment opportunity in the heart of Umbilo, this fully tenanted apartment block offers strong monthly returns and excellent long-term potential. Situated in a quiet and convenient part of Durban, the property currently generates an income of over R55 000 per month, making it an ideal addition to any investor’s portfolio. Well maintained and thoughtfully laid out, the block offers a combination of shared accommodation and self-contained units designed to suit a wide range of tenants. The property comprises 4 spacious 3-bedroom flats, all en suite; 3 two-bedroom flats; a 1-bedroom flat; a bachelor unit; and 3 single rooms with shared kitchen and bathroom facilities. Additional features include 2 storerooms, 2 lock-up garages, and open parking for more than 10 vehicles. All units are fitted with prepaid electricity meters, while water is included in the rental. The block has been renovated and tiled throughout for easy maintenance and durability. Security and convenience are key highlights, with the property fully fenced and fitted with 24-hour remote-controlled access for added peace of mind. A live-in caretaker and general cleaner, servicing the property three times a week, ensure the block remains neat and well managed at all times. Positioned close to major amenities, transport routes, and educational institutions, this high-yield investment combines immediate income with future growth potential. A fantastic opportunity for the savvy investor seeking a secure and worthwhile income-generating asset. Call today to arrange a viewing.