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Berkley Court Apartments - Smith Road

  • George Town, Cayman Islands
CI$2,375,000

Property Description

  • Bedroom:12
  • Bathroom: 14
  • Area: 8,800 Sq. Ft.
  • Acreage: 0.95
  • Year Built:2000
  • MLS#:412342
  • View:Garden View
  • Type:Multi-Unit
  • Status:Pen/Con

A RARE find these days- This Multi-family Listing presents a Phenomenal investment opportunity! SUPERB LOCATION!!! Recently refurbished 8 unit complex is comprised of 4x spacious 2bed/2.5bath townhouse style condos and 4x1bed/1bath condos. The owner recently spent over a $100k in improvements and in ADDITION, the property is being sold with an extra half acre of land that can be developed further down the road. The property and land is being sold with full set of plans for another 8 x 2bed/2.5 bath condos and pool. The buildings are in the process of being stratified; meaning that each of the condos can be sold separately as each will have its own title deed! Projected Gross annual income of ci$154,000 based on current rental rates and these rates are expected to increase slightly over the next year or 2. Property is well built and well maintained/managed. Call or email me for more details.

Property Features

Kitchen Features

  • Oven (No)

Interior Features

  • AC (Central)
  • TV (Cable)

Building Features

  • City Water

Outdoor Features

  • Porch (Unscreened)
  • 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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