Manchester, Mandeville

House 10 Bedroom(s) 7 Bathroom(s)

  • MLS-51600
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For Sale
JMD $51,000,000
USD $ 341,525 CAD $ 407,088 € 276,993 £ 241,660

Property Description

Excellent investment opportunity!! This apartment complex in West Acre, Brumalia. provides 6 individual electrical metered apartments of varying sizes and , layouts - (1) 2 b/r, 2 baths (14x16), (3) 2 bedrooms, 1 bath (14x16) 1 b/r, 1 bath & a studio apartment. Occupants will relax in comfort in their large bedrooms, opened concept living/dining room with porcelain tiles, granite countertops, in unit laundry area, front & back balcony and individual water tanks. There is room for expansion and adding a drying area. Based on the present rental prices and being ideally located less than 5 minutes from Mandeville Twn Center this complex provides an income of over $340,000.00 per month. With the installation of an electronic gate to convert property into a gated complex rental income can be in excess of $500,000.00 per month and more should property expand. Road in this area is undulating. Property is priced below Evaluation. Call and schedule your appointment for viewing

Amenities

Interior
  • Floor Space: 2867 Sq. Ft.
  • Other Flooring: Mixed
Exterior
  • Property Size: 12867 sq.ft
Other
  • Garden Area
  • Water Tank
  • Grilled
  • Fully Walled
Site Influences
  • Easy Access
  • Family Oriented
  • Hillside
  • Private Setting
  • Low Maint Yard
  • Recreation Nearby
  • Quiet Area
  • Acreage