Great Rental Investment Property Located in Rodney Heights

Great Rental Investment Property Located in Rodney Heights

• Excellent views of Rodney Bay and surrounding areas
• Has three 2 bedroom apartments
• Income generated currently: ECD 7,600 per month
• Two apartments rent for ECD 2,800 each and one apartment rents for ECD 2,000 per month

• The space can also be converted into 13-15 office spaces with desks since the location is quite central; even an embassy may rent the whole building. Will also be good for architect, engineer or attorney offices. With a more commercial use of the building, one will be able to achieve a higher rental income.
• Owner is willing to rent out the bottom apartment to put his architectural firm and pay the new owner a rent of ECD 5,500 per month on a long term lease. They will also renovate and retrofit the apartment at their cost. Owner will also help in the design of offices for the other 2 apartments. If new owner keep the present long term renters upstairs (ECD 2,800 + ECD 2,800) and add his rental (ECD 5,500), the rental income you will have in hand is ECD 11,100.
• An additional bedroom can be created for each apartment if this is preferred, by enclosing the balcony space. This increases the number of bedrooms to 3 bedrooms for each apartment and one can therefore expect a higher rental; ECD 3,500 for units that currently go for ECD 2,800 and ECD 2,800 for the unit that currently goes for ECD 2,000
• Furniture valued at ECD 75,000 per unit included in the price. Also Fully air conditioned
• There is space at front of property to put a pool if one would want to create an Air bnb set up
• Property is a corner lot and the space next to it is zoned for a park/open space
• Owner will paint over the entire building before he sells
• Property valued for ECD 2,147,500
• Offering price: ECD 1,400,000
• Land size: 9,080 sq ft
• Year built: Approx. 2002
• 6,000 gallons W asco supplied water tank

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