Basics
| Title of Property Nassau Triplex | Location Fox Hill | Island New Providence/Paradise Island | Lot Number 10 |
| Construction Concrete Block | Category Triplex | Total Finished Floor Area 2907 | Type Triplex |
| Status For Sale Only | Bedrooms 7 beds | Bathrooms 4 baths | Area 2907 sq ft |
| Lot size 8835 sq ft | MLS ID 67756 |
Description
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Description:
Discover a prime investment in the Kool Meadows community, just off Joe Farrington Road. This turnkey, fully occupied fourplex offers immediate cash flow with 100% occupancy and a steady $50,400 annual rental income, delivering a strong 9.6% gross yield based on the asking price. Perfectly suited for both seasoned investors and first-time buyers, this property is in excellent condition and requires minimal upkeep. The quiet, family-friendly neighborhood ensures strong, stable rental demand, with easy access to shopping, major roadways, and top public and private schools making it a magnet for long-term tenants. A standout feature is the value-add potential current rents are below market, providing a clear path to increased income and improved returns. With strong tenant demand, low vacancy risk, and immediate cash flow, this is a must-see multifamily asset in one of the most consistently rentable areas. Don’t miss your chance to secure a high-performing asset with both immediate returns and long-term growth potential.
Property Features
- Amenities: None
- Style: Apartment
- Exterior Finish: Finished Concrete
- Sewer: Septic - Yes
- Water: City
- Flooring: Ceramic Tile
- Roof: Asphalt Shingle
- Foundation: Yes
- Air conditioning (Condo): Split
- Assessment Includes (Condo): No Fee
- Parking Type: Open
Miscellaneous
- Legal Description: Fox Hill, Kool Acres Lot 10
- Site Influences: Family Oriented,Low Maint Yard,Shopping Nearby,Road - Paved,Can Be Rented