MALCOLM ALLOTMENTS New Providence/Paradise Island

$169,000

Basics

Location Malcolm Allotment Island New Providence/Paradise Island Lot Number 4 Construction Concrete Block
Category Total Finished Floor Area 1500 Type Status
Bedrooms 3 beds Bathrooms 3 baths Area 1500 sq ft Lot size 11111 sq ft
MLS ID 65896

Description

  • Description:

    Located in the heart of Malcolm Allotment, Kennedy Subdivision, this income-producing property presents an excellent opportunity for investors seeking strong rental demand in a highly populated area of Nassau, New Providence. The property currently features three 1-bedroom, 1-bathroom efficiency units, each generating $750 per month, providing immediate and reliable cash flow. Adding significant upside potential, the property also includes an unfinished structure at the rear, already constructed and intended to accommodate an additional three 1-bedroom, 1-bathroom units upon completion. This creates a clear pathway to substantially increase rental income and overall property value. Located within a well-established community and conveniently close to schools, public transportation, shopping, and essential amenities, the property benefits from consistent tenant demand. With both existing income and future development potential, this property is ideal for investors looking to maximize returns in a high-demand rental market.

Property Features

  • Amenities: Kitchen Built-in(s),Fully Fenced,Cable,None
  • Style: Apartment
  • Exterior Finish: Finished Concrete
  • Sewer: Connected
  • Water: City
  • Road: Street
  • Roof: Asphalt Shingle
  • Foundation: Yes
  • Air conditioning (Condo): Other
  • Outdoor Area (Condo): Private Yard
  • Assessment Includes (Condo): No Fee
  • Parking Type: Open

Miscellaneous

  • Site Influences: Adult Oriented,Central location,Easy Access,Recreation Nearby,Road - Paved,Can Be Rented

Location

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This property is shown courtesy of The Bahamas MLS.
The Bahamas Real Estate Association is not responsible for the accuracy of the information listed above. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange Program (IDX) and the Bahamas MLS, and is provided here for consumer’s personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Real Estate listings held in brokerage firms other than the office owning this website are marked with the IDX Logo on the short inquiry. Data provided is deemed reliable but not guaranteed. This information is protected by copyright and all rights are reserved. This property is shown courtesy of The Bahamas MLS.

This style property is located in is currently and has been listed on Wateredge Bahamas. This property is listed at $169,000. It has 3 beds bedrooms, 3 baths bathrooms, and is 1500 sq ft. The property was built in year.

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