R 550 000

Investment Opportunity – Multi-Unit Income-Generating Property in Philippi, Cape Town

This well-established multi-unit property in Philippi presents a compelling buy-to-let investment, currently generating approximately R10,000 per month in rental income across multiple independently occupied units.

The property comprises seven separate units in total:

• Four bachelor flats, each with its own bedroom and kitchenette area
• Two additional self-contained flats
• One two-bedroom house complete with a kitchen and bathroom

From the images, the site features a concrete-paved yard with vehicular access via a sliding metal gate, perimeter block-wall boundary fencing topped with razor wire for security, and a garage or lock-up store. Interior finishes are functional and tenant-ready: tiled floors throughout, plastered walls, security burglar bars on windows and doors, and a ventilated dining/living area with natural light. Bedrooms are compact but adequately sized for bachelor or single-occupant tenancy.

A property caretaker is already in place, significantly reducing management burden for the new owner. Offers are welcome.

Situated in Philippi, the property is within roughly 900 m of Tembalethu Supermarket and Nal'uxulo Primary School, approximately 860 m from Philippi Children's Centre (preschool), and about 712 m from Sophumelela Secondary School — a location that suits families and working tenants alike. Tsoga Park is approximately 938 m away.