12 Bedroom House in Mitchells Plain

Description

Calling all investors! This well-positioned income-generating property in the heart of Samora Machel, Philippi presents an excellent opportunity to secure a strong rental asset.The property is fully enclosed , providing added security and privacy for tenants.Property Features:12 rental unitsGround Floor: 5 rental units plus an additional bedroomUpper Floor: 7 standard single roomsCommunal bathrooms on each floorFully enclosed propertyConvenient location close to schools, public transport, and the police stationIncome Potential:7 Upper Floor Rooms R1,700 each: R11,900 per month5 Ground Floor Units R2,500 each: R12,500 per monthTotal Potential Monthly Rental Income: R24,400Potential Annual Rental Income: R292,800This property offers an attractive gross rental yield of approximately 34.4 making it an ideal addition to an investor''s portfolio. With consistent demand for affordable rental accommodation in the area and easy access to essential amenities, this investment is well positioned for long-term returns.Don''t miss out on this exceptional investment opportunity. Contact us today to arrange a viewing.

What we know about this property

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Portal facts

Land size

167 m²

Floor size

168 m²

Listing date

14 Jul 2026

Property type

House

Listing number

T5552177

Feature: Bedrooms

12

Feature: Bathrooms

2