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$2,499,000
Street Name: MARSH HARBOUR
Area: Marsh Harbour
Island: Abaco
Listed Price: $2,499,000
Currency: USD
Property Type: Apartment Complex
Sale or Rent: For Sale Only
Bedroom: 32
Full Bath: 32
Construction: Concrete Block, Other, Steel/C
Total Finished Floor Area: 13524
Style: Apartment
Total Floor SQ FT: 13524
Water: City
Lot: n/a
Lot Size: 17251
Amenities: Swimming Pool, Furnished
Legal Description: Abaco Towns by the Sea condos in the T2, T3 and T4 buildings, units
Restrictions: Restr. Covnts, Easemnt/R of Wa
Year Built: 1992
Air Conditioning: Central
Flooring: Ceramic Tile
Foundation: Yes
Laundry: Shared
Roof: Fiberglass Shingle
Exterior Finish: Other, Finished Concrete
Road: Lane
Description: Prime Investment Opportunity with 3 Options to maximize the return and minimize risk. On offer is a re-development opportunity of a prime location in the growing township of Marsh Harbour, Abaco Island. This is a 16 unit condominium complex currently operated as a timeshare facility which has come up for purchase in the first time in its 22 year history. The timeshare business model is fading allowing the ripe opportunity to develop the property into something great once again.Each of the 16 apartments have 2 bedrooms, 2 bathrooms, and open concept living dining kitchen room and each apartment has a wonderful view of the sea and beachfront at the complex. The furnishings and equipment are all in good order though perhaps a little dated. Low cost maintenance - concrete construction, fiberglass roof tiles, ceramic floor tiles, double glazed windows and central air conditioning throughout.The 3 buildings are part of the Regattas Condominium complex and share the use of the tranquil beach, the beautiful pool, tennis courts and laundry facilities.
Site Influences: Adult Oriented, Central location, Easy Access, Family Oriented, View - Ocean, Low Maint Yard, Shopping Nearby, Recreation Nearby, Quiet Area, No Thru Road, Cul-de-sac, Landscaped, Seniors Oriented, Waterfront - Ocean, Road - Paved, Phone to Lot, Underground Services, Marina Nearby, Potential Recreation, Can Be Rented, Recreational, Beach Front
Living Room: 16
Kitchen: 16
MLS Number: 21404
Date Listed: 2014-08-20
Status: Active
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