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Area: Sears Hill Road
Island: New Providence/Paradise Island
Listed Price: $1,155,000
Sale or Rent: For Sale Only
Property Type: Apartment Complex
Bedrooms: 8
Baths: 8
SqFt Total: 4100
Construction: Concrete Block
Monthly Assessment: 0
Style: Apartment
Exterior Finish: Finished Concrete
Bedrooms: 8
Baths: 8
SqFt Total: 4100
Construction: Concrete Block
Monthly Assessment: 0
Style: Apartment
Exterior Finish: Finished Concrete
Currency: BSD
Lot: 0
Lot Depth: 120
Lot Width: 100
Lot SqFt: 12000
Air Conditioning: Window unit(s)
Flooring: Ceramic Tile
Foundation: Yes
Roof: Asphalt Shingle
Lot: 0
Lot Depth: 120
Lot Width: 100
Lot SqFt: 12000
Air Conditioning: Window unit(s)
Flooring: Ceramic Tile
Foundation: Yes
Roof: Asphalt Shingle
Total Finished Floor Area: 4,100
Description: Excellent investment opportunity in a very convenient and central location. This 8 unit apartment complex on Sears Hill Road collects nearly $6,000 per month, however, tenants are under charged and units can rent for easily $850-$900 per month each. Currently used as 8 - 1 bedroom apartments, but can be renovated and converted to an office complex. Each unit has a bedroom, living/dining room, kitchen and bathroom. The building is hilltop and has nice views looking south over New Providence. Ample parking available and very well built and maintained property. A commercial building of this size and construction is hard to find in this area. Interested in adding to your income producing and commercial real estate portfolio? Make this yours today!
MLS Number: 57909
Date Modified: 05/27/2024
Listed by: Hideaways Real Estate