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West bay multi-unit income producer

West Bay
Lot Size

Property Overview

  • MLS # 415960
  • Price CI $825,000
  • Property Type Apartment Building / Condo Building
  • Property Status Pending/Conditional
  • Property Location West Bay Northwest
  • Bedrooms 7
  • Bathrooms 6
  • Year Built 1987
  • Lot Size 0.40
  • Land area 10 SqFt
  • View Garden View
  • Block 4B
  • Parcel 94
  • Square Feet 2800.00
  • Pool No
  • Pets Allowed Yes
  • Furnished Yes
  • Zoning High Density Residential

Property Description

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A well-maintained, multi-unit income producing property, only minutes from the Morganville development currently under construction, and an easy drive to Northwest Point drive.

The property sits on 0.4 of an acre, with mature trees and a well manicured garden. There are 3 buildings on the property, one concrete, and two frame, the latter that has been on the property for more than 6 years.
Combined, they are currently bringing in a gross rental income of CI$ 88,200 per year.

Kindly see the configuration and currently rental breakdown :

Building A
Unit 1 – 1B/1B studio renting at CI$ 950 per month
Unit 2 – 2B/1B main house, renting at CI$ 2,200 per month
Unit 3 -1B/1B studio renting at CI$1,000 per month

Building B
Unit 4 – 1B/1B renting at CI$ 1,200 per month

Building C
Unit 5 – 1 B/1B studio renting at CI$ 1,000 per month
Unit 6 – 1 B/1B studio renting at CI$ 1,000 per month

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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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