Real Estate Sales
Licensed Members of The Bahamas Real Estate Association and MLS
Dew Gardens - 5Plex - Cowpen Road New Providence/Paradise Island
Title of Property: Dew Gardens - 5Plex
Street Name: DEW GARDENS - 5PLEX APARTMENT
Area: Cowpen Road
Island: New Providence/Paradise Island
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Listed Price: $450,000
Property Type: Building and Land
Commercial: Mixed
Major Type: Multi-Family
Multi-Family: Apartment
SqFt Total: 4144
Property Type: Building and Land
Commercial: Mixed
Major Type: Multi-Family
Multi-Family: Apartment
SqFt Total: 4144
Currency: BSD
Lot: 1A
Lot Shape: rectangular
Lot SqFt: 6369
Amenities: Air Conditioning Fully, Air Co
Legal Description: Lot 1A - Dew Gardens - Cowpen Road, N.P. Bahamas
Sale or Rent: For Sale Only
Unit Rentable Area: 2716
Year Built: 2005
Lot: 1A
Lot Shape: rectangular
Lot SqFt: 6369
Amenities: Air Conditioning Fully, Air Co
Legal Description: Lot 1A - Dew Gardens - Cowpen Road, N.P. Bahamas
Sale or Rent: For Sale Only
Unit Rentable Area: 2716
Year Built: 2005
Description: Great Investment property. 5 Units. One 2bedroom townhouse, Four 1 Bedroom apartments. Totalling 6 Bedrooms, 5 baths. Building is 15 years, almost new. Well maintained. 55 Years architectural shingles. Quiet neighborhood. Upscale finishes. Large units. Elevated lot. Here are some financial reasons why you should buy this apartment: * 8-10% Investment Return - vs. 0.25% on Bank Deposit for 1 Year Fixed * Capital Protection via Insured Real Estate * Capital Appreciation via Property Value Increase + Discounted Price * High Demand units due to affordable rents ($700 for 1 Bed units, $1000 for Townhouse) * Low vacancy rate due to Affordable rents (can increase for additional yield) * Long Term Tenants (Average tenants stay 5+ Years) * Great Condition of Building (Relative newness (12 years and Professionally maintained) * Real Estate Investment better to beat Inflation and VAT environment Call to view and buy it today.
MLS Number: 47140
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