Basics
Location Englerston | Island New Providence/Paradise Island | Lot Number 16 | Block 65 |
Construction Concrete Block | Category Triplex | Total Finished Floor Area 2307 | Type Triplex |
Status For Sale Only | Bedrooms 7 beds | Bathrooms 5 baths | Area 2307 sq ft |
Lot size 3419 sq ft | Year built 2000 | MLS ID 58034 |
Description
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Description:
This well-maintained income-generating Triplex with Strong ROI, located just off Market Street on the cul-de-sac of Eleuthera Close, is a prime investment opportunity. Secured by a boundary wall and entrance gate, the property offers well water, mature trees, and ample parkingâenhancing its desirability for tenants. With four rental units already generating steady income, this property delivers an attractive return on investment: ⢠1-Bed, 1-Bath: $650/month ⢠1-Bed, 1-Bath: $600/month ⢠2-Bed, 1-Bath: $800/month ⢠3-Bed, 2-Bath (Main House): $1,500/month Total monthly rental income: $3,550 Annual rental income: $42,600 At just $272,000, this property offers an impressive 15.7% gross annual return, making it an ideal option for investors or homeowners looking to generate passive income while building equity. Donât miss this opportunityâschedule a viewing today!
Property Features
- Amenities: Fully Walled
- Style: Apartment
- Exterior Finish: Finished Concrete
- Sewer: Septic - Yes
- Water: Drilled Well
- Roof: Asphalt Shingle
- Foundation: Yes
- Air conditioning (Condo): Split
- Assessment Includes (Condo): No Fee
- Parking Type: Open
Miscellaneous
- Legal Description: Lot 16, Block 65 Englerston Addition Triplex
- Site Influences: Family Oriented,Low Maint Yard,Road - Paved,Can Be Rented