8 Unit Apartment Complex located in the Glass Shack area of Providenciales with (1) x 2/bedroom unit and (7) 1 x bedroom units. The complex is located within the center of Providenciales and is just off the main Leeward Highway. The land size totals 0,60 acres and with the two existing buildings and allocated current car park spacing, the lot allows for further and future expansion for more rental units (subject to planning approval - see survey) The property has been well maintained by the current owners and there on-Island Property management company. Other features of the property are a new roof and 100% occupancy. The property benefits from a very low OPEX with a current cap rate of 6.34%, which is estimated to grow to 7% in 2025. For further Information please contact us for rent roll and other related Information.
Updated: 08/08/2024, 12:00:45 AM
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