Large Apartment Building in Carielle – CAT046

US$1,100,000

Description

This 8,000 sq ft three-story 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. It has an open-plan living area with an excellent kitchen. This apartment could rent for $4,000 EC a month as a long-term rental.

In addition to the owner’s apartment, there are 4 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 EC per month. This does not include the present owner-occupied apartment which at an additional $4,000 end-of-month rental would give an income of $10,000 EC a month for long-term rentals.

There is good parking for tenants. The location is easy to 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.

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