Mount Pleasant Apartment Building W Bay North West, Grand Cayman

$449,000 /CI$
Pending/Conditional
SKU: 409969
Area (Sq Ft)
2570
Bathrooms
8
Bedrooms
8

The space

  • Land Size: 0.23 Sq Ft
  • Year Built: 1997
  • Listing Type: Apartment Building / Condo Building
  • Zoning: Low Density Residential
  • Acreage: 0.23
  • Class: Existing
  • Construction: Block
  • Foundation: Slab
  • Occupant: Tenant
  • Possession: At Closing
  • Land Title: Freehold

Amenities

General
  • Furnished: Partially
  • Hurricane Shutters
Building
  • City Water
  • Cistern
  • Sewer
Kitchen
  • Oven: [object Object]
  • Washer: Common
Interior
  • AC: Other
  • TV: Other
Outdoor
  • Porch: [object Object]

Views

  • Garden View

Description

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.

Directions

Directions: North on West Bay Road – turn right onto Willie Farrington Drive – follow the road until Batabano Road and take a left. Take the first abrupt right onto Mount Pleasant Road. Follow the road and drive straight into Parkview crescent – right before the road turns into captain Reginald Parsons Drive. Turn right when you enter Parkview crescent and property is #75 on the left hand side.

Contact the Agent

Kass Coleman

Sales Associate/CIREBA Member
Office
+1 345-949-2396
Cell:
+1 345-916-0378
Skype
kass.coleman
Kass has over 25 years of Cayman Real Estate with RE/MAX under her belt! Kass “Canada”, the oldest of five, grew up in Virginia Beach, Virginia and Jackson Hole, Wyoming with a few fun packed learning years in Washington D.C. after College. Kass’s love for the Cayman Islands began in 1986 when she came to visit some college friends who grew up here in Cayman. So began her Cayman career, first as a Flight Attendant for Cayman Airways, the National Airline, then moving into the Sales & Marketing Department, where she stayed until 1992. The change that made all the difference came in 1993 when she became a sales associate with the relatively new franchise to Cayman, RE/MAX Fist Realty, which started in 1991 (it became RE/MAX Cayman Islands in 1996). Over the years, Kass has excelled and achieved many awards….Circle of Legends is her Favorite! Kass is always a…