The Venetian - 8 Unit Apartment Complex.
Discovery Bay, Turks and Caicos
Listing ID: 00169212057
With demand for long term rentals at an all time high and growing, this 8 unit apartment complex on Venetian Road will be a hot commodity as it represents a solid investment in this segment of the market. Owner/builder lived in and operated, this multi unit complex is built and maintained to the highest standards. Inside and out you will see the high quality and care this property has been treated with. Fully occupied with a waiting list the rent roll and ROI is triple "A" and appreciating as the Turks and Caicos Islands continues to grow at a fast yet steady pace. Centrally located on the front end of Venetian Rd, this complex checks all the boxes for its tenants providing convenience, privacy and security. Also located right across the street from the British West Indies Collegiate School making it an ideal family dwelling. This outstanding investment opportunity also has expansion opportunities for growth as the owner owns the adjacent land parcel to replicate this exact complex. With a 10% cap rate this complex is priced right at $2,595,000 USD especially with little to no comparable inventory in this segment of the market.