$2,130,360 $2,598,000

Beach Reach Multi-Family Income Producing

10 bed   |   5 bath   |   3750 sqft 0.33 acres

MLS: 413523

Location, location, location! This 5 plex is located along the seven mile beach corridor and is within a 2 minute walking distance to the famous cemetery beach as well the Fosters and the new Jacques Scott plaza, which includes a liquor store, restaurant and spa/salon. Each of the 5 units have been tastefully decorated and each of the units have their own private gardens/outdoor space. Only a 5-7 minute commute into Camana Bay town center. Prior to Covid this Airbnb product earned an average of usd$17,000 a month totaling a NET income of usd$51,000 for the first 3 months OF 2020! When the island opens back up we should see similar rental figures being produced as this property was highly sort after and very affordable. With LOW maintenance/management fees it makes an attractive investment which can produce some solid returns. With the cost of construction and land at all-time highs why bother buying land and building when you can buy this turn-key property and start earning income immediately! Currently priced at usd$692 per sqft. Showing by appointment only.

Key features

  • Price $2,598,000 USD
  • Built 1993
  • Sq ft 3750
  • View Garden View
  • Zoning

Property Details

  • Cable TV
  • Central AC
  • City Water
  • Dishwasher
  • Kitchen area
  • Microwave
  • Refrigerator
  • Septic tank

Schedule a viewing

Download brochure
AGENT

Dillon Claassens
Lund Team Sales Associate
+1 (345) 943 4556
dillon.claassens@remax.ky

AGENT

Kim Lund
Broker / Owner
+1 (345) 949 9772
kim.lund@remax.ky

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