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Enjoy secure passive income in a well-located, amenity-rich neighborhood — a multi-unit property with six flats and a two-bedroom house, on-site manager, eight bedrooms and 2.5 baths.
Investment Opportunity – Multi-Unit Property
This excellent income-generating investment property offers multiple rental units on one property, making it ideal for investors looking for strong rental returns.
The property consists of:
4 bachelor flats – each with a separate bedroom and kitchen area
2 additional flats
1 two-bedroom house with its own kitchen and bathroom
The property is currently generating approximately R10 000 per month in rental income, offering immediate returns for the new owner.
The property already has someone currently overseeing and taking care of it, making management easier for the new owner.
Offers are welcome.
This setup provides multiple rental income streams, making it a great opportunity for investors looking to grow their property portfolio.
As a real estate professional, I can also assist the new owner with rental management and tenant placement if required.
Listed for sale at R580,000
Price reduced by 12.1% to R510,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 75 listings in Cape Town (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Affordability
R 5,006 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
75 similar listings
High similar-home inventory town-wide (Cape Town)
Median time on market: 138 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Philippi is a vibrant and developing area offering affordable living with a strong sense of community and convenient access to essential amenities and surrounding industrial areas.
* Distances and amenities are approximate.
