3 Bedroom House in Westdene

For Sale: Multi-Let Investment Property | R20,000 Monthly Income | 259m Stand

For Sale: Multi-Let Investment Property | R20,000 Monthly Income | 259m Stand

This multi-let property is a real income generator ideal for serious investors or anyone looking to build long-term wealth through real estate. Located in a well-developed and accessible area, this property offers three separate rental cottages, all fully tenanted and bringing in a combined rental income of R20,000 per month.

Rental Breakdown:

Cottage 1: R7,500/month

Cottage 2: R7,500/month

Cottage 3: R5,000/month

Total Monthly Rental Income: R20,000

Each unit is privately designed and well-maintained, giving tenants comfort and independence with potential to expand or optimise for even higher returns.

Property Details:

Stand Size: 259m

Modern finishes and neat paved driveway

Covered parking and secure gate access

Low-maintenance layout with a combination of tiled and open outdoor areas

Perfect setup for multi-tenant accommodation

Why Investors Love It:

Strong rental yield from day one

Stable tenant occupancy with room to increase rates

Growing demand for rental units in the area

Compact, efficient design that maximises return per square metre

This property is already performing well, but with a few smart upgrades or short-term rental conversions, it can easily push past the current R20,000 monthly income mark.

PARKVILLE PROPERTIES (PTY) LTD trading as RE/MAX Advantage (Rosebank) operates in terms of a franchise agreement with RE/MAX of Southern Africa.