La-Mon Villa Estate in Sixth Avenue, Montana.
24-hour security.
This Estate has 280 units with rentals in general varying R4 000 p/m - R5200 p/m.
4 Units sold as a package, consisting of 3x ground floor 1 bedrooms and 1x first floor studio.
1 unit in excellent condition, 1 unit in average condition and 2 units need tender loving care.
Each unit has a lounge, kitchenette, bathroom with shower, basin and toilet and 1 carport.
Levy per unit average R1150 p/m and rates average R203 p/m.
GROSS rental income R19 200 p/m through a rental agency.
NETT rental income R11 670 p/m.