Beach Reach Multi-Family Income Producing

Sell Current

US$2,598,000

W Bay South Cayman Islands

Apartment Building / Condo BuildingMulti-Unit
MLS# 413523
10 Beds
5 Baths
3750 SqFt

Location, location, location! This 5 plex is located along the seven mile beach corridor and is within a 2 minute walking distance to the famous cemetery beach as well the Fosters and the new Jacques Scott plaza, which includes a liquor store, restaurant and spa/salon. Each of the 5 units have been tastefully decorated and each of the units have their own private gardens/outdoor space. Only a 5-7 minute commute into Camana Bay town center. Prior to Covid this Airbnb product earned an average of usd$17,000 a month totaling a NET income of usd$51,000 for the first 3 months OF 2020! When the island opens back up we should see similar rental figures being produced as this property was highly sort after and very affordable. With LOW maintenance/management fees it makes an attractive investment which can produce some solid returns. With the cost of construction and land at all-time highs why bother buying land and building when you can buy this turn-key property and start earning income immediately! Currently priced at usd$692 per sqft. Showing by appointment only.

Address

  • Block : 5C
  • Parcel : 218
  • Area : 218 W Bay South
  • Country : Cayman Islands
  • Latitude - Longitude : 19.3685260942005 -81.39554857277231
  • Direction : West Bay Road past Cemetary Beach (and Fire station) on left at Genevieve Bodden Road.

Property Detail: Updated on : October 15, 2021 6:00 am

  • MLS# : 413523
  • Bedrooms : 10
  • Bathrooms : 5
  • Property For : Sell
  • Property Status : Current
  • SquareFeet : 3750
  • Year Build : 1993
  • Acreage : 0.33
  • Views : G
  • Property Type : Apartment Building / Condo BuildingMulti-Unit

Other Features

  • Court Order : No
  • Forced Sale : No
  • Water Frontage : No
  • Stories Building : 1
  • Stories Condo : 1
  • Number Of Units : 5
  • Garage : No
  • Fence : No
  • Den : No
  • Living Room : No
  • Kitchen : Yes
  • Family Room : No
  • Dining Area : No
  • Breakfast : No
  • Pool : No
  • Covenant : No
  • City Water : Yes
  • Patio : No
  • Ac : Central
  • Class : Existing
  • Construction : Block
  • Foundation : Slab
  • Frontage Road : CityMaintained
  • How Shown : By Appointment/List
  • Occupant : Tenant
  • Oven Or Range : No
  • Dishwasher : Yes
  • Microwave : Yes
  • Refrigerator : Yes
  • Tv : Cable
  • Tennis : No
  • Monthly Maint Cost Curr : CI$
  • Insurance In Maint : No
  • Sewage In Maint : No
  • Monthly Insurance Curr : CI$
  • Monthly Sewage Curr : CI$
  • Annual Income : 204000
  • Annual Income Curr : US$
  • Pets In Maint Cost : No
  • Pets Maint Cost Curr : CI$
  • Tv In Maint Cost : No
  • Tv Maint Cost Curr : CI$
  • Ac In Maint Cost : No
  • Ac Maint Cost Curr : CI$
  • Pool In Maint Cost : No
  • Pool Maint Cost Curr : CI$
  • Gardening In Maint Cost : No
  • Possession : At closing
  • Road Surface : Asphalt
  • Title : Freehold
  • Car Port : No
  • Utility : No
  • Septic : Yes
  • Sewer : No
  • Well : No
  • Cistern : No
  • Disposal : No
  • Dock : No
  • Security Alarm : No
  • Elevator : No
  • Annual Operating Costs Curr : CI$
  • Media Room : No
  • Wine Room : No
  • Health Center : No
  • Gym : No
  • Hurricane Shutters : No
  • Storm Windows : No
  • Currency : US$

Listing Location

Michael Binckes
Sales Associate

+1 (345) 945 2011

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