Logwood way apartments

Prospect / Spotts
Lot Size

Property Overview

  • MLS # 416424
  • Price CI $1,200,000
  • Property Type Apartment Building / Condo Building
  • Property Status Current
  • Property Location Spotts
  • Bedrooms 12
  • Bathrooms 6
  • Year Built 1999
  • Lot Size 0.46
  • Land area 40 SqFt
  • View Garden View
  • Garages No
  • Block 25B
  • Parcel 521
  • Square Feet 5555.00
  • Pool No
  • Pets Allowed Yes
  • Foundation Slab
  • Furnished Partially
  • Zoning Low Density residential

Property Description

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Multi-Unit income producing property in Prospect with 6 units on .46 acres. Boasting OVER 6% ROI. Fully tenanted. GREAT INVESTMENT OPPORTUNITY!
This 6-unit investment property located in close proximity to Grand Harbour & Country Side making it highly appealing to tenants. With a strong rental history and promising upside potential, this property presents an enticing opportunity for savvy investors.

The property is made up of a total of 6 apartments –
Apartment 1 – 2 bed, 1 bath – kitchen, living/dining
Apartment 2 – 2 bed (1 loft bedroom) – 1 bath – kitchen, living/dining
Apartment 3 – 2 bed (1 loft bedroom) – 1 bath – kitchen, living/dining
Apartment 4 – 2 bed (1 loft bedroom) – 1 bath – kitchen, living/dining
Apartment 5 – 2 bed (1 loft bedroom) – 1 bath – kitchen, living/dining
Apartment 6- 2 bed, 1 bath – kitchen, living/dining

Apartment complex has concrete sidewalk and walkways, concrete paved car parking area, landscaped grounds, chain link fencing, separate laundry building.

Current rental rates are below market rates as the owner decided to keep the rates as is for the longstanding tenants, but the potential to increase is certainly a possibility.

Moreover, this investment property holds great potential for further value appreciation. With its prime location near the Grand Harbour & Country Side. The demand for rental properties in this area is expected to remain high. This provides an excellent opportunity for increased rental rates, ultimately maximizing your return on investment.

Take advantage of this lucrative opportunity and secure a reliable income stream in a sought-after location.

Map Location

Disclaimer: The information contained herein has been furnished by the owner(s) and or their nominee and represented by them to be accurate. The listing company, agent and CIREBA MLS disclaims any liability or responsibility for any inaccuracies, errors or omissions in the represented information. The listing details herein are also courtesy of CIREBA (Cayman Islands Real Estate Brokers Association) MLS and/or via LDX (Listing Data Exchange) feed. All the information contained herein is subject to errors, omissions, price changes, prior sale or withdrawal, without notice and is at all times subject to verification by the purchaser(s).

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