Apartment building for sale with 16 apartments, 20 bedrooms and 14 bathrooms, fully furnished move in ready turn key operation just to buy and start collecting income.
Monthly rental value is $67,000 per month when fully tenanted. 50% tenanted currently as owner lives in main building (owner migrating). Only pre-qualified buyers with funds and financing from banks or financial institutions should enquire.
Building qualifies for mortgage or financing from all banks, When fully tenanted this investment property makes a lot of profit for the owner.
Layout please see pic of the floor plan for the ground floor and read below carefully:
- Ground floor unit of main building has 4 apartments with shared living room (see third and fourth pics,) $4,000 per apartment per month total $16,000 per month fully furnished. Unit has a large living room, the ground floor of the entire main building all rooms are tiled with XL-large format 4 foot x 4 foot Gala/Ballroom porcelain tiles and porcelain kitchen counter tops installed and furnished with new premium furnishings.
-Second floor unit of the main building has same layout 4 bedrooms with terazzo and porcelain tiled floors rental total value $12,000 per month (pin.tt site not uploading any more pics for this add click on the see all adds by seller link at the bottom of the page to see adds for the apartments).
Apartment block in the back of the building has 8 apartments with large premium one bedroom units on the first and second floor and 2 bedroom units and studio apartments. rental value is $30,000 per month currently fully tenanted. Mixture of UWi student and working professional acomodations ensure constant rental income all year and these apartments rent quickly as UWI is 5 minutes walk away.
Parking for 6 vehicles with automatic/remote gate. Compound is quiet has auto gate, private security cameras, 5-minute walk to UWI one minute drive to highway, Mt. Hope 5 minutes away, Port of Spain 20 minutes away if travelling/taxis always available one step out the gate on Watts Street, no flooding at all in this location.
Price is negotiable if buying unfurnished or partially furnished and building needs an external paint job an minor cosmetic touch ups when completed the building will value for more than the asking price the owner is doing minor renovations and will paint the exterior in due course.
Financially this is a great investment owner is selling to migrate. 50% of monthly rental income can cover the average mortgage installment and expenses with enough cash left over to save a decent sum of $ every month.
Only pre-qualified buyers with approved financing will be welcomed. No time wasters please.
