Mount Pleasant Apartment Building.
W Bay Bch West, Cayman Islands
Listing ID: 000031058009
Incredible investment property in a good neighbourhood.
Comprised of 8 units including a studio apartment as well as a 3 bed and a 4 bed with shared kitchens and a shared coin laundry system.
In the 3 bed portion of the property each room is CI$500 per month and in the 4 bed section, 3 of the rooms are CI$500 and the master is CI$650. The coin laundry also brings in an additional CI$250 per month.
Monthly expenses average around CI$875 so overall rental income per month is CI$3,625.
ROI is 8%+.
With multiple room options available, the property offers excellent rental potential for owner.
Property is inaccessible so interior viewings are to be done through the 3D tour.