About this property
Incredible investment property in a good neighbourhood. Comprised of 8 units including a studio apartment as well as a 3 bed and a 4 bed with shared kitchens and a shared coin laundry system. In the 3 bed portion of the property each room is CI$500 per month and in the 4 bed section, 3 of the rooms are CI$500 and the master is CI$650. The coin laundry also brings in an additional CI$250 per month. Monthly expenses average around CI$875 so overall rental income per month is CI$3,625. ROI is 8%+. With multiple room options available, the property offers excellent rental potential for owner. Property is inaccessible so interior viewings are to be done through the 3D tour.
|Bedrooms: 8||Bathrooms: 8|
|Sqft: 2570||View: Garden View|
|Interior features: TV: No, AC: Yes||Acreage: 0.23|
|Outdoor Features: Garage: Yes, Pool: , Fence: , Tennis: , Porch: No|
West Bay is situated north of the infamous Seven Mile Beach stretch and largely made up of residential areas that are favoured by both Caymanians and expats alike. Only a short drive away from the activities and restaurants on Seven Mile Beach, and boasting its own public beach area, West Bay is a popular spot for families. Governors Harbour is a family-friendly neighbourhood situated just outside of West Bay and in close proximity to Seven Mile Beach and the increasingly popular ‘village’ of Camana Bay. There is a small selection of luxury waterfront homes and some condominiums with a large expat community base.