Income Generating 4-Bedroom Investment Apartment in Quigney
Quigney, East London, Eastern Cape
Apartment
ZAR 699,000
- 4 bedrooms
- 1 bathrooms
- 95 sqm
- 617 m² plot
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.
