Full Duplex for Sale in Chippingham, New Providence/Paradise Island

  • $275,000
New Providence/Paradise Island, Bahamas
For Sale

Full Duplex for Sale in Chippingham, New Providence/Paradise Island

New Providence/Paradise Island, Bahamas
  • $275,000

Description

This Duplex is situated at 19 Wallace Road. The lot approximates 5,100 sq ft in size. It is a part of the middle-income neighborhood of the Greater Chippingham Subdivision. The property is represented by: 2 – 2 bedroom 1 bathroom units with a living / Dining Room. There is an unfinished Efficiency that can be completed to generate additional rental income. The 2 finished units are fully leased with reliable tenants. Each unit rents at $800 monthly. Annual rental income is $19,200. Expenses approximate 40% thereof to generate potential net income of $11,520 The building can be expanded to two (2) stories to add another 2 units, which plus the efficiency will represent a total of 5 units to minimally generate $4,000 in monthly rental income.

Details

Property ID
55986
Bedrooms
4
Bathrooms
2
Land Area
0.11655188246097
Updated on September 8, 2024 at 1:16 am

Contact Information

Engel Volkers Bahamas
  • Engel Volkers Bahamas
  • +1 242-328-7777 +1 242-557-1891
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Engel Volkers Bahamas
  • Engel Volkers Bahamas