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$ 1,200,000
Est. payment /mo
Active
OUT EAST 11-UNIT APARTMENT COMPLEX New Providence/Paradise Island
16,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $75
MLS Listing ID 64794
Year Built 2000
Property Sub-Type Other
Property Description
Kool Acres apartment complex is a prime investment property bringing in $11,800.00 per month which is about $142,000 per year. This multi-family, well maintained apartment complex has a strong rental income combined with desirable amenities. Situated in a secure, gated community, this property is fully rented. There are eight (8) units bringing in $1,200 per month, two efficiencies each bringing in $800.00 per month and one studio apartment bringing in $600 per month. This gated property sits on a 35,000 square foot lot with approximately 10,000 square feet of living space. You can have approved plans and blueprints for only $1,500 and build an additional fourplex (4) which when rented brings in about $5,000 per month or $60,000 per year. The building is immaculate, beautiful, well maintained and exclusive, ensuring a great living environment and a safe atmosphere for tenants behind the security gates. This complex contains a laundry washing facility, a very large parking lot and a playground for children. Call us today and schedule an appointment.
Location
Community Other New Providence/Nassau
Area Other New Providence/Nassau
Building/Complex Name New Providence/Paradise Island
Exterior
Amenities Available Air Conditioning Fully, Cablevision, Fenced, Highway Access, Signs Allowed
Building
Lot Description Cul-de-sac, Highway Access, Level, Shopping Nearby
Others
Restrictions Restr. Covnts
Courtesy of: The Bahamas MLS
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