Basics
| Location Chippingham | Island New Providence/Paradise Island | Lot Number 4 | Lot Width 80 |
| Lot Depth 100 | Multi-Family Apartment | Category Commercial | Land and Services Public Trans. Nearby,Shopping Nearby,Visual exposure |
| Type Building and Land | Status For Sale Only | Area 4399 sq ft | Lot size 8262 sq ft |
| Year built 1978 | MLS ID 65057 |
Description
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Description:
Farrington Road apartment complex now available for sale. Lot 4 Farrington Road is comprised of a 2-storey concrete building with six 1-bedroom units (three up, three down), all with the same layout. Connected by a breezeway is a second 2-storey concrete building with two additional 1-bedroom units. 8 units in total. The building sits on an 8,262 sq. ft. lot with ample room for parking. All of the rough plumbing and electrical circuits, plugs, switches etc. have been installed along with a new roof and windows. However, some cosmetic and cement work is needed, along with finish work. This is a high demand area with very good upside for someone looking for an income property with room to add value. Additionally, the area has commercial enterprise all around therefore the building is suitable for small business ventures, hence the potential rental income can be even greater. The owner will also consider selling the adjacent lot (additional 5,000 sq. ft.) to the investor that purchases the building. Inquire for further details about this fantastic investment opportunity.
Miscellaneous
- Legal Description: Portion of lot 4, Block 13 Greater Chippingham Subdivision, North side of Farrington Road