House for sale
Hassle-free income in a convenient neighborhood close to shops and transport, featuring multiple rental units and on-site caretaker — includes eight bedrooms and two-and-a-half bathrooms.
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 R510,000
Wide price range across Cape Town
Prices vary widely across Cape Town, so a like-for-like comparison isn't reliable for this home.
Below the typical range for Cape Town.
Market depth
69 similar homes
71 listings across Cape Town
91 days
Median time on market
Many similar homes
Active across Cape Town
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Philippi is a centrally located, industrious suburb in Cape Town that offers affordable housing options and proximity to major transport routes for working families.
