Beach Reach Multi-Family Income Producing
US$1,998,888
W Bay South Cayman Islands
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$692 per sqft. Showing by appointment only. Agent owned.
Address
- Block : 5C
- Parcel : 218
- Area : 218 W Bay South
- Country : Cayman Islands
- Latitude - Longitude : 19.3685260942005 -81.39554857277231
- Direction : West Bay Road past Cemetary Beach (and Fire station) on left at Genevieve Bodden Road.
Property Detail: Updated on : February 05, 2023 6:04 am
- MLS# : 413523
- Bedrooms : 10
- Bathrooms : 5
- Property For : Sell
- Property Status : Pending/Conditional
- SquareFeet : 3750
- Year Build : 1993
- Acreage : 0.33
- Views : G
- Property Type : Apartment Building / Condo BuildingMulti-Unit
Other Features
- Court Order : No
- Forced Sale : No
- Water Frontage : No
- Stories Building : 1
- Stories Condo : 1
- Number Of Units : 5
- Garage : No
- Fence : No
- Den : No
- Living Room : No
- Kitchen : Yes
- Family Room : No
- Dining Area : No
- Breakfast : No
- Pool : No
- Covenant : No
- City Water : Yes
- Patio : No
- Ac : Central
- Class : Existing
- Construction : Block
- Foundation : Slab
- Frontage Road : CityMaintained
- How Shown : By Appointment/List
- Occupant : Tenant
- Oven Or Range : No
- Dishwasher : Yes
- Microwave : Yes
- Refrigerator : Yes
- Tv : Cable
- Tennis : No
- Monthly Maint Cost Curr : CI$
- Insurance In Maint : No
- Sewage In Maint : No
- Monthly Insurance Curr : CI$
- Monthly Sewage Curr : CI$
- Annual Income : 120000
- 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$