Property Name, MLS#
Search
CIREBA MLS LDX feed courtesy of EDGEWATER PROPERTIES LTD.
- Home Page
- Miles More Listings
LOGWOOD WAY APARTMENTS
(South Sound, Old Prospect Point & Spotts, Cayman Islands)CI$1,200,000
- 12 Bedrooms
- 6 Bathrooms
- 5,555 Sq. Ft.
- 0.4584 Acreage
MLS# 416424
Multi-Unit income producing property in Prospect with 6 units on .46 acres. Boasting OVER 6% ROI. Fully tenanted. GREAT INVESTMENT OPPORTUNITY! This 6-unit i...
Property Description
Multi-Unit income producing property in Prospect with 6 units on .46 acres. Boasting OVER 6% ROI. Fully tenanted. GREAT INVESTMENT OPPORTUNITY! This 6-unit investment property located in close proximity to Grand Harbour & Country Side making it highly appealing to tenants. With a strong rental history and promising upside potential, this property presents an enticing opportunity for savvy investors. The property is made up of a total of 6 apartments - Apartment 1 - 2 bed, 1 bath - kitchen, living/dining Apartment 2 - 2 bed (1 loft bedroom) - 1 bath - kitchen, living/dining Apartment 3 - 2 bed (1 loft bedroom) - 1 bath - kitchen, living/dining Apartment 4 - 2 bed (1 loft bedroom) - 1 bath - kitchen, living/dining Apartment 5 - 2 bed (1 loft bedroom) - 1 bath - kitchen, living/dining Apartment 6- 2 bed, 1 bath - kitchen, living/dining Apartment complex has concrete sidewalk and walkways, concrete paved car parking area, landscaped grounds, chain link fencing, separate laundry building. Current rental rates are below market rates as the owner decided to keep the rates as is for the longstanding tenants, but the potential to increase is certainly a possibility. Moreover, this investment property holds great potential for further value appreciation. With its prime location near the Grand Harbour & Country Side. The demand for rental properties in this area is expected to remain high. This provides an excellent opportunity for increased rental rates, ultimately maximizing your return on investment. Take advantage of this lucrative opportunity and secure a reliable income stream in a sought-after location.
Key Features
Property Type:Multi-Unit
Listing Type:Apartment Building/Condo Building
Property Status:Current
Year Built:1999
Address:Logwood Way, South Sound, Old Prospect Point & Spotts
Views:Garden View
Block:25B
Parcel:521
Foundation:Slab
Zoning:Low Density residential
Furnished:Partially
Mortgage Calculator
Mortgage Calculator lets you estimate your monthly mortgage payment input different prices, terms, interest rates, and down payments and see varying monthly loan amounts.
Your Estimated Payment
Down Payment Required
$240,000.00
Mortgage Principal
$960,000.00
Monthly Payment
$5,153.00
Still Owing at End of Term
$0.00
*Disclaimer: The information contained herein has been furnished by the owner(s) and or their nominee and represented by them to be accurate. The listing company, agent and CIREBA MLS disclaims any liability or responsibility for any inaccuracies, errors or omissions in the represented information. The listing details herein are also courtesy of CIREBA (Cayman Islands Real Estate Brokers Association) MLS and/or via LDX (Listing Data Exchange) feed. All the information contained herein is subject to errors, omissions, price changes, prior sale or withdrawal, without notice and is at all times subject to verification by the purchaser(s).
Request more Information
Contact us today for more information on this property or to schedule a viewing.
