Florida PArk, Snell Drive
Sourced / Freehold Multi-Let Property
Sq M
2,241
Bed
7
Bath
3.5
TYPE
Freeholding
| Purchase Price | R1,600,000 |
| Market Value | R2,500,000 |
| Rehab + Holding Cost | R640,000 |
| Project Timeline | Six months |
| Under Contract | One Week |
| Gross Yield | 22.6% |
| ROI | 22.5% |
The property, located on a large plot, was converted into six units. Additional parking space was created, and amenities such as a pool and lapa were already in place. The deal was sourced to one of our clients.
