19 WALLACE ROAD New Providence/Paradise Island

Basics

Title of Property Baker Duplex	Location Chippingham	Island New Providence/Paradise Island	Lot Number 5 A
Lot Width 50	Lot Depth 102	Lot Shape Rectangle	Construction Concrete Block
Category Full Duplex	Total Finished Floor Area 1300	Type Full Duplex	Status For Sale Only
Bedrooms 4 beds	Bathrooms 2 baths	Area 1600 sq ft	Lot size 5077 sq ft
Year built 2004	MLS ID 55986

Description

Description:
This Duplex is situated at 19 Wallace Road. The lot approximates 5,100 sq ft in size. It is a part of the middle-income neighborhood of the Greater Chippingham Subdivision. The property is represented by: 2 â 2 bedroom 1 bathroom units with a living / Dining Room. There is an unfinished Efficiency that can be completed to generate additional rental income. The 2 finished units are fully leased with reliable tenants. Each unit rents at $800 monthly. Annual rental income is $19,200. Expenses approximate 40% thereof to generate potential net income of $11,520 The building can be expanded to two (2) stories to add another 2 units, which plus the efficiency will represent a total of 5 units to minimally generate $4,000 in monthly rental income.

Property Features

Amenities: Unfurnished
Style: Apartment
Exterior Finish: Finished Concrete
Sewer: Septic - Yes
Water: City
Roof: Asphalt Shingle
Foundation: Yes
Air conditioning (Condo): Split
Assessment Includes (Condo): No Fee
Parking Type: Open

Miscellaneous

Legal Description: Lot 5 A, Wallace Rd, Greater Chippingham Subdivision

Location

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This property is shown courtesy of The Bahamas MLS.
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