About North Coast Apartments
Introducing North Coast Apartments — a rare opportunity to own a fully stabilized, cash-flowing beachfront investment in the heart of Cable Beach, Nassau. Comprising six turnkey two-bedroom units, each professionally furnished and performing on Airbnb, this oceanfront property combines short-term rental performance with long-term capital appreciation. With a 7.4% cap rate, $385,000+ in annual NOI, and direct beach access, North Coast Apartments stands as one of the few multi-unit oceanfront assets trading in The Bahamas today. Nassau’s rental market continues to see record occupancy and nightly rates, driven by sustained tourism growth, new luxury developments, and investor appetite for branded, lifestyle assets. This is more than a property — it’s a proven income stream on one of the Caribbean’s most valuable coastlines.
Features of North Coast Apartments
| Listing ID | 62819 |
|---|---|
| Price | $5,188,000 |
| Bedrooms | 12 |
| Bathrooms | 12.00 |
| Square Footage | 6,500 |
| Acres | 0.34 |
| Year Built | 1970 |
| Type | Residential |
| Sub-Type | Apartment Complex |
| Style | Apartment |
Community Information
| Address | North Coast Apartments |
|---|---|
| Area | Cable Beach |
| City | New Providence/Paradise Island |
| Country | Bahamas |
Amenities
| Amenities | Pool Outdoor, Secured Entry, Storage Unit, Beach |
|---|---|
| Parking | Open |
| Is Waterfront | Yes |
| Has Pool | Yes |
Interior
| Interior Features | Garden Area, Swimming Pool, Fully Fenced, Bed & Breakfast, Fully Walled, Impact Windows, Impact Shutters, Cable, Furnished, Hurricane Windows |
|---|---|
| Cooling | Split |
| Has Basement | No |
Exterior
| Exterior | Finished Concrete |
|---|---|
| Exterior Features | Patio, Porch, Pool |
| Lot Description | Easy Access, Family Oriented, View - Ocean, Sidewalk, Recreation Nearby, Waterfront - Ocean, Road - Paved, Pets Allowed, Can Be Rented, Beach Front |
| Roof | Asphalt Shingle |
| Construction | Concrete Block |
| Foundation | Yes |