Basics
| Location Malcolm Allotment | Island New Providence/Paradise Island | Lot Number 4 | Construction Concrete Block |
| Category Triplex | Total Finished Floor Area 1500 | Type Triplex | Status For Sale Only |
| Bedrooms 3 beds | Bathrooms 3 baths | Area 1500 sq ft | Lot size 11111 sq ft |
| MLS ID 65896 |
Description
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Description:
Located in the heart of Malcolm Allotment, Kennedy Subdivision, this income-producing property presents an excellent opportunity for investors seeking strong rental demand in a highly populated area of Nassau, New Providence. The property currently features three 1-bedroom, 1-bathroom efficiency units, each generating $750 per month, providing immediate and reliable cash flow. Adding significant upside potential, the property also includes an unfinished structure at the rear, already constructed and intended to accommodate an additional three 1-bedroom, 1-bathroom units upon completion. This creates a clear pathway to substantially increase rental income and overall property value. Located within a well-established community and conveniently close to schools, public transportation, shopping, and essential amenities, the property benefits from consistent tenant demand. With both existing income and future development potential, this property is ideal for investors looking to maximize returns in a high-demand rental market.
Property Features
- Amenities: Kitchen Built-in(s),Fully Fenced,Cable,None
- Style: Apartment
- Exterior Finish: Finished Concrete
- Sewer: Connected
- Water: City
- Road: Street
- Roof: Asphalt Shingle
- Foundation: Yes
- Air conditioning (Condo): Other
- Outdoor Area (Condo): Private Yard
- Assessment Includes (Condo): No Fee
- Parking Type: Open
Miscellaneous
- Site Influences: Adult Oriented,Central location,Easy Access,Recreation Nearby,Road - Paved,Can Be Rented