LOGWOOD WAY APARTMENTS

  • $1,200,000
Spotts, Cayman Islands
LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS LOGWOOD WAY APARTMENTS
  • Multi-Unit
  • Property Type
  • hz-416424
  • MLS#
  • 12
  • Bedrooms
  • 6
  • Bathrooms
  • No
  • Garage
  • 5555
  • Sq Ft
  • 1999
  • Year Built

CIREBA MLS LDX feed courtesy of EDGEWATER PROPERTIES LTD.

LOGWOOD WAY APARTMENTS

Spotts, Cayman Islands
  • $1,200,000

CIREBA MLS LDX feed courtesy of EDGEWATER PROPERTIES LTD.

Overview

  • Multi-Unit
  • Property Type
  • hz-416424
  • MLS#
  • 12
  • Bedrooms
  • 6
  • Bathrooms
  • No
  • Garage
  • 5555
  • Sq Ft
  • 1999
  • Year Built

Description

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.

Details

Updated on February 21, 2024 at 11:46 pm
  • MLS#: hz-416424
  • Price: $1,200,000
  • Property Size: 5555 Sq Ft
  • Bedrooms: 12
  • Bathrooms: 6
  • Garage: No
  • Year Built: 1999
  • Property Type: Multi-Unit
  • Property Status: Current

Additional details

  • Views: Garden View
  • Lot Size: 0.4584
  • Pool: No
  • Pets Allowed: Yes
  • Foundation: Slab
  • Furnished: Partially
  • Zoning: Low Density residential
  • Block: 25B
  • Parcel: 521
  • Address Logwood Way
  • City Spotts
  • Area 40
  • Country Cayman Islands

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