West Bay Multi-unit Income Producer — Property Cayman | Real Estate Experts in the Cayman Islands
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West Bay Multi-unit Income Producer

Condo with a Garden View at West Bay

CIREBA MLS LDX feed courtesy of 1503 PROPERTY GROUP LTD

About this property

A well-maintained, multi-unit income producing property, only minutes from the Morganville development currently under construction, and an easy drive to Northwest Point drive. The property sits on 0.4 of an acre, with mature trees and a well manicured garden. There are 3 buildings on the property, one concrete, and two frame, the latter that has been on the property for more than 6 years. Combined, they are currently bringing in a gross rental income of CI$ 88,200 per year. Kindly see the configuration and currently rental breakdown : Building A Unit 1 - 1B/1B studio renting at CI$ 950 per month Unit 2 - 2B/1B main house, renting at CI$ 2,200 per month Unit 3 -1B/1B studio renting at CI$1,000 per month Building B Unit 4 - 1B/1B renting at CI$ 1,200 per month Building C Unit 5 - 1 B/1B studio renting at CI$ 1,000 per month Unit 6 - 1 B/1B studio renting at CI$ 1,000 per month

Property Details

Bedrooms: 7Bathrooms: 6
Sqft: 2800View: Garden View
Acreage: 0.4000

Mortgage Estimate

Neighbourhood

The perfect place to coast through the days (on the coast, naturally), West Bay takes suburban bliss to the next level. One of Cayman’s older residential districts situated north of the infamous Seven Mile Beach stretch, this area is largely made up of residential spaces. And while the area may be situated on the westside of the island, its lifestyle is front and centre; with winding tree-lined streets, a true island feel, and a wide variety of properties ranging from small family homes to luxury estates, condos and land.

Located just outside of West Bay, trading front porches for private canals, you’ll find neighbourhoods such as Governor’s Harbour, Snug Harbour, Canal Point and Crystal Harbour (and it doesn’t take much to sea the difference). Close proximity to Seven Mile Beach and Camana Bay. Convenient grocery shopping, retail and lifestyle stores abound. This area of Grand Cayman is also a boater’s dream, with a small selection of waterfront homes and condominiums directly on the North Sound, making waves in the local real estate scene.

(Canal) front of mind.

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