CAT 046 – Large Apartment Building in Carielle

US$1,100,000

Description

This 8,000 sq ft three storey villa is solidly built on an 8,500 sq. ft. lot, with excellent Caribbean Sea views.

The building has 11 bedrooms and 11 bathrooms, divided into various apartments. The top floor apartment is presently owner occupied and is a well-designed and fully furnished 3 bedroom and 3 bathroom apartment. Open plan living area with excellent kitchen. This apartment could rent for $4,000 ecd a month as a long term rental.

In addition to the owner’s apartment there are FOUR two bedroom and two bathroom apartments, all fully furnished and with good long term tenants. The present income from the leased apartment is $6,000 ecd per month. This does not include the present owner occupied apartment which at an additional $4,000 end a month rental would give an income of $10,000 ecd a month for long term rentals.

There is good parking for tenants and the location is an easy access by car or bus to work in Castries or Rodney Bay.

This property presents a good long term investment in an excellent long term rental location in Carielle.

Location

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