About Gibbs Corner Multiplexes
Presenting Parcel 1 & 2 Grants Town, a captivating multi-family property set on an expansive lot of 15,700 square feet. This historic gem, comprising twelve charming buildings, was constructed over fifty years ago and offers a unique income opportunity with a diverse range of rental units. Nestled in the heart of Grants Town, this property boasts a prime location with easy access to amenities, schools, parks, and transportation hubs. Its timeless charm, expansive grounds, and income potential make it a rare find in today's market. Don't miss your chance to own a piece of history and secure a reliable source of income. Based on the asking price of $499,000 and projected rental income of $8,000 per month, the property would generate approximately $96,000 in annual gross rental income, resulting in an estimated gross return on investment (ROI) of 19.2% per year. At this income level, the investment could potentially recover its purchase price in approximately 5.2 years, before operating expenses and financing costs are taken into account.
Features of Gibbs Corner Multiplexes
| MLS® # | 64936 |
|---|---|
| Price | $499,000 |
| Bedrooms | 20 |
| Bathrooms | 13.00 |
| Square Footage | 10,380 |
| Acres | 0.36 |
| Year Built | 1994 |
| Type | Residential |
| Sub-Type | Apartment Complex |
| Style | Apartment |
Community Information
| Address | Gibbs Corner Multiplexes |
|---|---|
| Area | East Street |
| City | New Providence/Paradise Island |
| State | Bahamas |
Amenities
| Parking | Open |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Furnished, Partial Furnished |
|---|---|
| Cooling | Other |
| Has Basement | No |
Exterior
| Exterior | Finished Concrete |
|---|---|
| Lot Description | Easy Access, Family Oriented, Highway Access, Shopping Nearby, Road - Paved |
| Roof | Asphalt Shingle |
| Construction | Concrete Block |
| Foundation | Yes |