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Beach Reach Multi-family Income Producing

  • Across from Seven Mile Beach, Cayman Islands
US$2,598,000

Property Description

  • Bedroom:10
  • Bathroom: 5
  • Area: 3,750 Sq. Ft.
  • Acreage: 0.33
  • Year Built:1993
  • MLS#:413523
  • View:Garden View
  • Type:Multi-Unit
  • Status:Current

Location, location, location! This 5 plex is located along the seven mile beach corridor and is within a 2 minute walking distance to the famous cemetery beach as well the Fosters and the new Jacques Scott plaza, which includes a liquor store, restaurant and spa/salon. Each of the 5 units have been tastefully decorated and each of the units have their own private gardens/outdoor space. Only a 5-7 minute commute into Camana Bay town center. Prior to Covid this Airbnb product earned an average of usd$17,000 a month totaling a NET income of usd$51,000 for the first 3 months OF 2020! When the island opens back up we should see similar rental figures being produced as this property was highly sort after and very affordable. With LOW maintenance/management fees it makes an attractive investment which can produce some solid returns. With the cost of construction and land at all-time highs why bother buying land and building when you can buy this turn-key property and start earning income immediately! Currently priced at usd$692 per sqft. Showing by appointment only.

Property Features

Kitchen Features

  • Oven (No)

Interior Features

  • AC (Central)
  • TV (Cable)

Building Features

  • City Water
  • Kitchen Area

Outdoor Features

  • Water Frontage (No)

Title

  • Freehold

Map

See It Today

Call +1 (345) 949-9772 or schedule here.

Kim Lund

Broker/Owner
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