CIREBA MLS LDX feed courtesy of WILLIAMS2 REAL ESTATE
About this property
Fantastic investor opportunity to own this multi-family four plex in the heart of West Bay offering an impressive 6.5% ROI. Positioned on elevated land offering a high and dry location this offers the ability for the new owner to either rent out separately or indeed rent as a collective for a large family. The property consists of Two, one beds on the upper floor, two (2) beds on the ground floor, This two story property accommodates 12 people. This property offers affordable rents and is consistency rented as it offers ample off road parking which is a major plus for any landlord. This property is newly renovated and fully furnished, offering fresh, bright interiors. The actual property sits on a corner lot which allows for privacy and also offers a regular taxi service within walking distance. This allows for tenants who don’t drive to have transport to and from work. This property is a great investment as it also has a laundry room which generates between 400 – 500 dollars a month. West Bay offers access, the new by pass allows for uncongested traffic to Camana Bay the city center of the Cayman Islands with an array of shops and boutiques, restaurants, cinema, book stores and an array of sporting options from gyms, ryde studio and juice bars. It also allows you to drive to the world famous Seven Mile beach within minutes. Property comes fully tenanted and is ready for the new owner to be realizing a return. There are many different options, you could maintain the current tenants or indeed if you are a business owner and are finding it difficult to house your employees this could be an excellent option. Great property, in a quiet location, offering a very healthy return on investment. Please call today for a private viewing.
|Bedrooms: 6||Bathrooms: 4|
|View: Garden View||Acreage: 0.2300|
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.