4 Bedroom house for sale in Observatory, Cape Town

Prime Investment Opportunity in Observatory: Main House with 2 Apartments

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This exceptional property in the heart of Observatory presents an ideal investment opportunity for savvy buyers looking to capitalize on the growing rental market. Featuring a main house and two fully self-contained apartments, the property generates an impressive rental income of R30,800 per month.

Main House
The spacious main house boasts two bedrooms with the option to easily convert a third room, adding even more value to this versatile space. Semi-furnished and well-maintained, the house appeals to long-term tenants seeking a comfortable living. The current rental income from the main house is R15,000 per month.

Apartments
The property also includes two apartments, each with its own kitchen and bathroom, ensuring complete independence for tenants.

The downstairs apartment generates R7,600 per month.
The upstairs apartment brings in R8,200 per month.
Both apartments are tastefully furnished, making them attractive options for renters seeking modern, move-in-ready units.

Situated in the vibrant and sought-after Observatory neighborhood, this property is close to universities, public transport, and local amenities, making it a popular choice for tenants. With consistent rental demand and the potential for increased returns, this is a standout investment opportunity not to be missed.

Asking price is R3,500,000 the seller is considering offers from R3,200,000.

Photos of apartments are available by request.