Tulisa Mews, tulisa Park
Apartment in the south of Johannesburg
Sq M
71
Bed
3
Bath
1
TYPE
Sectional Title
| Purchase Price | R380,000 |
| Rehab + Holding Cost | R24,000 |
| Project Timeline | Three months |
| Under Contract | One Week |
| Market Value | R610,000 |
| ROI | 15% |
Quiet ground floor apartment
The property was acquired using a blend of bank financing and a joint venture. The seller, weary of being a landlord and frustrated with the traditional selling process, was ready to exit. With the bank loan and other expenses, the deal yielded a positive cash flow from year one.
