R65,000 Monthly Rental Income | 6-Bedroom Property in Prime Musgrave

Situated on the sought-after Essenwood Road, this spacious property presents an exceptional opportunity for investors and families alike. Currently converted into student accommodation, the property comfortably houses 22 students and generates approximately R65,000 per month in rental income, offering an established income-producing opportunity. Alternatively, the property can be transformed back into a stunning family residence, with its generous proportions, 6 bedrooms, high ceilings and versatile living spaces providing the perfect foundation for a beautiful home. The property also features a spacious kitchen, covered patio, swimming pool, neat front garden and a tandem double garage, along with a single carport for additional parking.

Adding to its versatility are 2 helpers' rooms, a separate storage room and an outdoor pool washroom, providing excellent functionality for either student accommodation or family living. Perfectly positioned within walking distance of Masjid Salaam and Durban Boys' High School, the location offers convenience and strong rental appeal. Whether you're looking to continue with the existing student accommodation model and its attractive rental income or restore this character-filled property into a spacious family home, this is an opportunity that offers both income potential and long-term versatility.