Basics
Location Chippingham | Island New Providence/Paradise Island | Lot Number 5 B | Lot Width 50 |
Lot Depth 102 | Lot Shape Rectangle | Construction Concrete Block | Category Half Duplex |
Total Finished Floor Area 600 | Type Half Duplex | Status For Sale Only | Bedrooms 1 bed |
Bathrooms 1 bath | Area 700 sq ft | Lot size 5077 sq ft | MLS ID 55990 |
Description
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Description:
This Cottage is comprised of 1 bedroom and 1 bathroom. It is situated at 34 Flamingo Ave. It approximates 700 sq ft in size and sits on a lot that approximates 5,100 sq ft. It is a part of the middle-income neighborhood of the Greater Chippingham Subdivision. It is leased and occupied by long term tenants and currently generates rental income of $500 monthly which can be increased with upgrades and if not, converted to a single-family home by approved expansion which allows up to two stories. It is near to all modern conveniences. $6,000 in annual rental income after expenses of 30%, results in $4,200 net earnings. Overall, the property needs renovations and can be a great fixer upper given that it is priced right.
Property Features
- Amenities: None
- 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 B Flamingo Avenue, Greater Chippingham Subdivision