R 3 699 000
| 5 Bedroom House for Sale in Essenwood
5
4
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Beautiful House In Sought Out Musgrave Area
Situated in a prime location in Musgrave, this splendid double-Storey house stands as a beacon of elegance and investment opportunity. Currently utilized as a thriving student accommodation facility, it boasts a remarkable passive income exceeding R50,000 monthly, making it an ideal prospect for discerning investors. Beyond its lucrative student accommodation use, this property holds immense potential as an Airbnb venture.
Upon entering, you are welcomed by a spacious open area that can be adapted for use as a reception or an additional lounge, providing a versatile space for various purposes. The house features a total of five generously-sized bedrooms, fully occupied on both the upper and lower levels, ensuring a consistent revenue stream. Accompanying these bedrooms are four well-appointed bathrooms, ensuring convenience and comfort for occupants.
Supplementing the main dwelling are two extra flatlets, adding further value and flexibility to the property. A garage and ample parking space contribute to the overall convenience for both residents and guests. The property is enhanced by the inclusion of a refreshing pool, creating delightful relaxation.
Situated in a secure and tranquil neighborhood, this residence is an ideal investment opportunity. The serene surroundings make it perfect for a large family seeking a peaceful haven with abundant potential. Proximity to Musgrave Shopping Center, as well as nearby schools and colleges, amplifies its attractiveness, especially for those interested in student accommodation investments.
CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as RE/MAX Address (Berea) operates in terms of a franchise agreement with RE/MAX of Southern Africa.
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