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MLS#: 416424

Logwood Way Apartments

Prospect/Spotts, Grand Cayman
CI$1,200,000
Type: Multi Unit
  • 12
    BED
  • 6
    BATH
  • 5,555
    SQ FT
  • 1999
    YEAR BUILT
  • 0.46
    ACRES
30 people viewed this property since last week.

Property Information

Multi-Unit income producing property in Prospect with 6 units on .46 acres. Boasting OVER 6% ROI. Fully tenanted. GREAT INVESTMENT OPPORTUNITY!
This 6-unit investment property located in close proximity to Grand Harbour & Country Side making it highly appealing to tenants. With a strong rental history and promising upside potential, this property presents an enticing opportunity for savvy investors.

The property is made up of a total of 6 apartments -
Apartment 1 - 2 bed, 1 bath - kitchen, living/dining
Apartment 2 - 2 bed (1 loft bedroom) - 1 bath - kitchen, living/dining
Apartment 3 - 2 bed (1 loft bedroom) - 1 bath - kitchen, living/dining
Apartment 4 - 2 bed (1 loft bedroom) - 1 bath - kitchen, living/dining
Apartment 5 - 2 bed (1 loft bedroom) - 1 bath - kitchen, living/dining
Apartment 6- 2 bed, 1 bath - kitchen, living/dining

Apartment complex has concrete sidewalk and walkways, concrete paved car parking area, landscaped grounds, chain link fencing, separate laundry building.

Current rental rates are below market rates as the owner decided to keep the rates as is for the longstanding tenants, but the potential to increase is certainly a possibility.

Moreover, this investment property holds great potential for further value appreciation. With its prime location near the Grand Harbour & Country Side. The demand for rental properties in this area is expected to remain high. This provides an excellent opportunity for increased rental rates, ultimately maximizing your return on investment.

Take advantage of this lucrative opportunity and secure a reliable income stream in a sought-after location.

Property Details

  • Status: Pen/Con
  • View: Garden View
  • Listing Type: Apartment Building / Condo Building
  • Pets Allowed: Yes
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*Disclaimer: CIREBA uses a conversion rate of KYD 0.82 to US 1.00. It is important to check with your local real estate agent or financial institution as the KYD/USD exchange rate may differ when purchasing real estate in the Cayman Islands.
The information contained herein has been furnished by the owner(s) and or their nominee and represented by them to be accurate. The listing company, agent and CIREBA MLS disclaims any liability or responsibility for any inaccuracies, errors or omissions in the represented information. All the information contained herein is subject to errors, omissions, price changes, prior sale or withdrawal, without notice and is at all times subject to verification by the purchaser(s).

About EDGEWATER PROPERTIES LTD.

The property business is an art. It is the marriage of finding the right property for the right person, using knowledge, insight, business abilities and good personal relationships. It is our goal to make the selling or purchasing experience both a rewarding and enjoyable experience for our clients. To do this open communication, honesty and integrity are key. The highest quality of customer service is essential. It is our goal to become your partner in your real estate transaction and ensure that you experience all of these benefits. Whether you are looking to buy, sell or rent real estate in the Cayman Islands, Edgewater Properties Ltd, can help you make this life changing experience a simple and stress free one. Growing up in the Cayman Islands and being in the property business in the Cayman Islands for the past 26 years the Edgewater Properties Team can certainly can give advise on all aspects of property transactions, valuations, trends, development, design and construction. We have vast experience in Grand Cayman, Cayman Brac and Little Cayman, so certainly are in a position to offer excellent insight and customer service. If you are new to the island or thinking on moving to our “Little Piece of Heaven”, Edgewater Properties can offer valuable assistance in finding you the perfect property to suit your needs. We believe each Property transaction is important and unique and it has to be tailored to match the right property with the right people. We truly look forward to working with you to make your dreams a reality!

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