About Out East 11-unit Apartment Complex
Kool Acres apartment complex is a prime investment property bringing in $11,800.00 per month which is about $142,000 per year. This multi-family, well maintained apartment complex has a strong rental income combined with desirable amenities. Situated in a secure, gated community, this property is fully rented. There are eight (8) units bringing in $1,200 per month, two efficiencies each bringing in $800.00 per month and one studio apartment bringing in $600 per month. This gated property sits on a 35,000 square foot lot with approximately 10,000 square feet of living space. You can have approved plans and blueprints for only $1,500 and build an additional fourplex (4) which when rented brings in about $5,000 per month or $60,000 per year. The building is immaculate, beautiful, well maintained and exclusive, ensuring a great living environment and a safe atmosphere for tenants behind the security gates. This complex contains a laundry washing facility, a very large parking lot and a playground for children. Call us today and schedule an appointment.
Features of Out East 11-unit Apartment Complex
| Listing ID | 64794 |
|---|---|
| Price | $1,400,000 |
| Square Footage | 16,000 |
| Acres | 0.80 |
| Year Built | 2000 |
| Type | Commercial |
| Sub-Type | Building and Land |
| Style | Other |
Community Information
| Address | Out East 11-unit Apartment Complex |
|---|---|
| Area | Other New Providence/Nassau |
| City | New Providence/Paradise Island |
| Country | Bahamas |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | Air Conditioning Fully, Cablevision, Fenced, Highway Access, Signs Allowed |
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Exterior
| Lot Description | Cul-de-sac, Highway Access, Level, Shopping Nearby |
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