R 5 500 000 | 21.0 bed property for sale in umbilo

Dormehl Phalane Glenwood presents this well-maintained block of flats located in Umbilo, fully tenanted. The kitchens have built-ins with stove & oven. Bedrooms have built-in wardrobes. All rooms have en-suite bathrooms. Secure parking for 10 vehicles. Two entrance/exits for vehicles (electric remote and manual gates). Located near King Edward Hospital, Queensmead Mall, Motor Licensing Department, UKZN Medical School, China Plaza, Chester Meats Wholesale, Durban Primary School, Glenwood Christian School and other amenities. Best for investment: * 3 x 3-Bedroom Units with 2 Bathrooms * 4 x 2-Bedroom Units with 2 Bathrooms * 1 x 1-Bedroom Unit with En-Suite Bathroom * 1 x Studio Apartment * 1 x Domestic Quarters * 3 Lock-Up Garages No levies. Rates: R1 900 TOTAL INCOME: R59 000 per month Rental Breakdown: * Two-Bedroom Units: R7 000 pm * Three-Bedroom Units: R7 500 pm * One-Bedroom Unit: R5 000 pm * Studio Apartment: R3 500 pm Possible rental income of up to R100 000 per month if converted into student accommodation. Near UKZN Medical School, Queensmead Mall, King Edward Hospital, shops and public transport routes.