19 WALLACE ROAD New Providence/Paradise Island

    $ 275,000.00

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


    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 – 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.

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    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


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

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    Courtesy of The Bahamas MLS
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