Property
Description
Property Description
This well-maintained apartment block presents an outstanding investment opportunity in the established suburb of Crosby, Johannesburg. Comprising 18 spacious residential units, 17 offering two bedrooms and one bathroom, and one bedroom and one bathroom.
The property has been designed to provide comfortable, practical accommodation that appeals to a broad tenant market. The generous unit layouts. Each apartment is fitted with a prepaid electricity meter, allowing for efficient utility management and simplified administration for both the owner and tenants.
The property’s strategic location provides convenient access to major transport routes, public transport, reputable schools, universities, shopping centres, and other essential amenities, making it an attractive option for families, working professionals, and students alike.
With an established rental profile, low-maintenance management features, and consistent demand for quality residential accommodation in the area, this apartment block represents a compelling opportunity for investors seeking a stable income-producing asset with excellent long-term capital growth potential.
Features
• 17 x 2 bedroom
• 1 x 1 bedroom
• Off-street parking
• Pre-paid electricity
• Renovated units
• Huge upside potential
Total number of units: 18
Stand / erf size: 1 577 m²
Zoning: Residential
Occupancy and income:
There are currently 6 units being occupied and the rest are busy undergoing renovations.
Area Description
Crosby is an established residential suburb in the western inner suburbs of Johannesburg, within the City of Johannesburg Metropolitan Municipality, bordered by Langlaagte to the south, Mayfair to the east and Brixton and Auckland Park to the north. It is a mature, higher-density area close to the mining belt and the western arterials into the city centre. Convenience retail sits on Moira Avenue at the property’s doorstep, primary schooling is available in St Jerome Avenue under a kilometre away, and Langlaagte railway station, a junction on the Randfontein, Vereeniging and Johannesburg lines, is about the same distance south. Rahima Moosa Mother and Child Hospital in Coronationville lies roughly a kilometre and a half west. The University of Johannesburg’s Auckland Park Kingsway campus is under two kilometres north, with Campus Square just beyond it and the Bunting Road campus about three kilometres east, which is the basis for the student tenant demand the seller describes. The Mayfair trading node is around three and a half kilometres east and the Johannesburg CBD approximately five kilometres north-east.
Area Amenities
Barakah Supermarket, Moira Avenue – 0.03 km
CAPS Primary School, St Jerome Avenue – 0.9 km
Crosby Academic Primary School, St Jerome Avenue – 0.9 km
Langlaagte railway station, Paarlshoop – 0.9 km
Rahima Moosa Mother and Child Hospital, Coronationville – 1.4 km