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BEACH REACH MULTI-FAMILY INCOME PRODUCING , Grand Cayman

MLS#: 413523
Listing Type: Apartment Building / Condo Building
US$2,598,000
Square Feet
3750
Bedrooms
10
Bathrooms
5
Year Built
1993

Property Details

  • Property Type: Multi Unit
  • View: Garden View
  • Status: New
  • Pets Allowed: NO

Property Information

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.

*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.

Property Enquiry

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Lund Team Sales Associate
Company:
RE/MAX CAYMAN ISLANDS
Office:345-943-4556
Cell:345-926-4492
Email:dillon.claassens@remax.ky
Contact Us

Broker/owner, The Lund Team
Company:
RE/MAX CAYMAN ISLANDS
Office:345-949-9772
Cell:345-916-5555
Email:kim.lund@remax.ky
Contact Us

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