Grand Cayman Seven Mile Corridor Multi-Unit Property Gem
The Billionaire Network is pleased to offer this Grand Cayman Seven Mile Corridor Multi-Unit Property Gem
Here is an excellent opportunity for an investor to buy and transform a whole development in one of Grand Cayman’s every popular Snug Harbour district. There are three buildings in total, that consist of 1 and 2 bedroom apartments. They are currently all tenanted with the one bedroom units renting at US$3,000 per month and the 2 bedroom units renting at US$4000 a month. The 14 apartments currently bring in a gross annual income of US$549,000. The aforementioned rents can be increased should these units be available as short term rentals, still an untapped market where people moving to the island is concerned. The gross income can easily be doubled should it be converted to short term rentals.
Configuration:
Building A:
3 x 2B/2B
1 x 2B/1BBuilding B:
6 x 1B/1BBuilding C:
2 x 2B/2B
2 x 2B/1B
It needs minor exterior upgrades but the units have all been renovated inside
A little gem in a great location!
Price: US$ 8,500,000
COMMISSIONS AVAILABLE TO ANYONE FOR SUCCESSFUL CLOSURE
For more information please contact us ASAP
