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This residential apartment building in Sucker Garden consists of 3 homes. The building requires cosmetic refurbishment.
It contains a main house that has 2 large bedrooms, 1 bathroom, a convenient kitchen, a hallway at the entrance with a spacious shaded family porch with fabulous views. This is a beautifully laid out home.
On the east side: 2 bedrooms, 1 bathroom with a veranda. Spacious and comfortable.
On the west side: 1 bedroom one bath, living and a dining. Perfect for a couple or single individual.
Basement: that can be used or rented as a studio also. Needs work to convert to studio.
This property has a lot of potential for someone who’s willing to become a landlord.
Income potential with minimal refurbishment:
Two 2 bedroom apartment: USD1100
One 1 bedroom apartment: USD800
One studio: USD400
Possible rental income from entire property: USD3000 – USD3400
Property purchase price: USD108,000
Possible refurbishment cost: USD50000
Approximate investment: USD160,000
This means you have a double digit return on your investment. This is a super deal!