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St. Peter's Apartment Building

$1,500,000

Property Information

Ref#:
418
Price:
$1,500,000
Status:
Sold
Bathrooms:
22

Property Description

Two concrete apartment buildings with a total of 19 apartments. The buildings have a mixture of 1 & 2 bedroom apartments being rented between $250 - $750 per unit. Both buildings are currently fully tenanted bringing in US$ 10,750 per month in rental income. There is a back up generator for the entire complex, 1 parking for each unit, security camara's, 5 septic pits and government sewage lines are currently in the process of being installed in the St. Peter's area. In addition to the two apartment buildings is a 3 bedroom 3 bath house which is currently being occupied by the owner. The house has the potential to bring in an additional $950 per month minimum thereby increasing monthly income to US$11700. This is a good investment opportunity bringing in a strong return on investment of approximately 8%.

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