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Area: Chippingham
Island: New Providence/Paradise Island
Listed Price: $1,500,000
Currency: BSD
Property Type: Apartment Complex
Sale or Rent: For Sale Only
Construction: Concrete Block
Total Finished Floor Area: 9264
Style: 2 Storey-Main L Entry
Total Floor SQ FT: 9264
Water: City
Lot: 82
Lot Size: 21740
Amenities: Garden Area, Kitchen Built-in(s), Cable
Air Conditioning: Split
Exterior Finish: Finished Concrete
Description: Great Income Producing Property - 13 Unit apartment located on Constitution drive is an investment opportunity of a lifetime. This property is currently fully occupied and its conveniently located in close proximity to many shops and businesses. This apartment complex has great potential, as it is close to University of The Bahamas, making it a great property to use for student housing. With its proximity to the main West Bay Street, this is a perfect property to do short term Airbnb rentals as well. This apartment complex consists of eleven 2 bedroom apartments and two 1 bedroom apartments, all generating great rental income. Additionally it has an office with a 1/2 bath that is great for usage by a grounds keeper or building manager. This property is in great condition, and has been well maintained. It is not often you see an entire apartment complex come to the market such as this one. The building sits on three lots with significant room for expansion. Take advantage of this opportunity, to earn steady rental income from this property.
MLS Number: 40589
Date Listed: 2020-03-18
Status: Active
This listing has been viewed 4 times.

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