Shared Property For Sale In Durban North

Prime Investment Opportunity
– 10-Dwelling Property in Umgeni Park | R4.25 Million An exceptional opportunity to own a high-income-generating property in the heart of Umgeni Park! Situated on a generous 3831m² erf. This fully fenced residential-zoned (SR1) property offers 10 individual dwellings/units, 3 lock-up garages, 10+ open bay parking All units are currently tenanted with a combined rental income of R36,900 – R40,000 per month. Utilities are private prepaid for ease of management, -with a live-in cleaner/groundskeeper is on-site earning R4,500/month. Monthly rates are just R2,320, making this a high-yield, low-maintenance investment. Centrally located in the sought-after suburb of Umgeni Park, this is a rare find for savvy investors looking to expand their investment portfolio or bank with monthly cash flow already in place. The strategically built multiple dwellings layout makes it ideal to be converted to a B&B in this thriving upmarket area. Also perfect for a company staff dwelling setup. The site still has a large undeveloped portion, offering incredible potential for future expansion or further development (subject to municipal approval). - considerations of low-cost housing to add to the income potential of the property. Alternatively- bring it all down, and build your dream home in this posh upmarket suburb
📍 Don’t delay – this kind of opportunity doesn’t last long!