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Property Description

Are you looking for an Investment? Heres your chance to own a well-constructed income property in central Garden Hills. These multi-family buildings were originally built in 2006, the current owners took over the property as an uncompleted shell approximately 8 years ago in 2016 and did a complete refurbishment of all apartments, including full electrical rewiring, full re-plumbing and a new roof on both buildings. The buildings are in very good condition and well-maintained. There are two two-story detached multi-family residential buildings, each with 5 apartment units, 2 two-bedroom apartments, and 3 one-bedroom apartments, for a total of 10 apartment units. Together, 4 x 2 bedroom and 6 x 1 bedroom units produce a generous return on your investment. Each ground floor encompasses 3,248 Square Feet and has 4 living rooms, dining rooms, bathrooms, kitchens, and 8 bedrooms. The second floor has 6 living and dining rooms, kitchens, bedrooms, and bathrooms. The units are fully occupied and have had very high level of occupancy for past 3 years. Rents range from 800 – 850 for the 1 bedroom and 900 – 1,200 for the 2 bedroom units. Total income per month is approximately 8,850 and 106,200 per annum. All apartments are unfurnished and primary landlord expenses are electrical bill for supply water pump and external lighting. The tenants are responsible for their own electrical and water bills. Call us today to schedule a viewing!

Soldier RoadNassau/New Providence
Address Map
Bahamas
Nassau/New Providence
Central
Soldier Road
Lot 5, Block D, Garden Hills Estate #2

Lot 5, Block D, Garden Hills Estate #2

Lot 5, Block D, Garden Hills Estate #2, Soldier Road, Nassau/New Providence, Bahamas

14 Bedrooms
10 Bathrooms
8,000 Sqft
B$1149000
Listing ID #1569071
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 1569071
Ref ID : NS63017
Price : B$1149000
Bedrooms : 14
Bathrooms : 10
Square Footage : 8,000 Sqft
Year Built : 2007
Lot Area : 8,705 Sqft
MLS : 58558
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