Income Generating 4-Bedroom Investment Apartment in Quigney

R699,000

Quigney, East London, Eastern Cape

Apartment for sale in Quigney, East London, 95 m²

Quigney, East London, Eastern Cape

R699,000

Ref:1571051
4Bed
1Bath
617
Type: Apartment

Description

Located in the high-demand rental area of Quigney, this spacious 95m² sectional title apartment presents a strong investment opportunity with immediate rental income.

The unit, originally configured as a 3-bedroom apartment, has been adapted into a 4-bedroom multi-let layout designed to maximise rental yield. It offers a shared kitchen, one bathroom (bath, basin, and toilet), and built-in cupboards in all bedrooms, making it well-suited for high-occupancy rental use.

The property currently generates a gross rental income of R8,500 per month, providing a stable and established cash-flow profile for investors seeking entry into the income-generating property market.

The property benefits from proximity to key amenities including the CBD, public transport routes, educational facilities, and retail centres, ensuring consistent tenant demand.

While the unit shows signs of age-related wear consistent with long-term rental use, it offers clear potential for cosmetic enhancement and value uplift over time.

This is an ideal opportunity for investors seeking a ready-tenanted, income-producing asset in a well-established rental node.

Location

Quigney, East London, Eastern Cape

Data

Object TypeApartment
Purchase PriceR699,000
Living Space95 m²
Plot Size617 m²
Bathrooms1
Construction YearN/A
ConditionNot specified
Rooms5

Financial Information

RatesN/A
LevyN/A
Special LevyN/A

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