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Property with 1-bedroom main unit and 8 flatlets, generating R18,000 monthly income. Total: 9 bedrooms, 5 bathrooms.
Investment Property For Sale 1 Bedroom with 8 Flatlets in Wallacedene, Kraaifontein
Great income-generating opportunity! This property features a 1-bedroom main unit with tiled floors, ceiling, built-in cupboards, and a toilet.
Included are 8 spacious flatlets, each in very good condition with their own showers and toilets. All units are tenanted, generating a monthly Net Operating Income of R18,000.
Property Features:
1-bedroom main unit
8 flatlets, all tenanted
Each flat with own bathroom
Geyser and 24/7 CCTV cameras
Secure yard with closed gates
Paved yard with parking for 2 vehicles
Close to:
Kraaifontein Mall
Cape Gate Mall
Police Station
Primary and High Schools
Perfect for investors looking for immediate returns. Preferably cash buyers only.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R900,000
Price reduced by 2.3% to R879,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 49 listings in Kraaifontein (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
49 similar listings
High similar-home inventory town-wide (Kraaifontein)
Median time on market: 108 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
Wallacedene is a vibrant, developing residential community in Kraaifontein that offers affordable housing options with convenient access to major transport routes and essential local services.
* Distances and amenities are approximate.
