16 Bedroom Apartment / flat for sale in Musgrave

Discover an outstanding income generating investment in the heart of Musgrave. Perfectly positioned with easy access to major transport routes, the Durban CBD, and public transport, this well-maintained multi-tenanted property offers an exceptional opportunity for investors seeking strong rental returns and long-term growth. The property comprises six self contained units, providing a versatile mix of owner occupancy and rental income potential. Several sections of the property have been recently renovated, offering modern finishes and added appeal for both current and prospective tenants. The accommodation includes: - Unit 1: 2 Bedrooms | 2 Bathrooms (Currently owner occupied) - Unit 2: 2 Bedrooms | 1 Bathroom (Rental potential of approximately R8,000 per month) - Unit 3: 3 Bedrooms | 2 Bathrooms (Currently tenanted at R11,000 per month) - Unit 4: 3 Bedrooms | 2 Bathrooms (Rental potential of approximately R11,000 per month) - Unit 5: 3 Bedrooms | 2 Bathrooms (Currently tenanted at R10,000 per month) - Unit 6: 3 Bedrooms | 2 Bathrooms (Currently tenanted at R11,000 per month) With a potential monthly rental income exceeding R60,000, this property presents an attractive investment with immediate returns and excellent long-term earning potential. Additional features include: - Prepaid electricity installed for all units, simplifying utility management and reducing landlord administration - Parking for up to 10 vehicles - 2 lock-up garages (Including a double garage) - Dual road access for convenient entry and exit - Staff accommodation with a bedroom and bathroom - Multiple storage rooms throughout the property - Prime Musgrave location close to leading schools, shopping centres, hospitals, the Durban CBD, and major transport routes Whether you're an experienced investor looking to expand your portfolio or searching for a high-yield property in one of Durban's most sought-after suburbs, this exceptional multi-dwelling property offers outstanding value and income potential. 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.