East Street South
East Street, Nassau And Paradise Island Bahamas

$450,000
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Lot #106 is 5,000 sq ft in size. It is zoned commercial or multifamily. The building thereon is 2,916 sq ft under roof and is constructed of reinforced concrete. It is 28 years old and in good condition. There is adequate parking. Situate on busy East Street South next to the new Burger King, it is ideally suited for its current or other commercial and multifamily purposes. It is currently...

MCR Bahamas

2,916 Sq Ft.
Interior
Commercial
Property Type
1993
Year Built
45171
Web Id
45171
MLS ID

About East Street South

Lot #106 is 5,000 sq ft in size. It is zoned commercial or multifamily. The building thereon is 2,916 sq ft under roof and is constructed of reinforced concrete. It is 28 years old and in good condition. There is adequate parking. Situate on busy East Street South next to the new Burger King, it is ideally suited for its current or other commercial and multifamily purposes. It is currently occupied by and generates rental income from 4 units as follows: 1.Ground Floor Church 2.Rear of ground floor One (1) one bed one bath apartment 3.Upstairs two (2) two bed one bath (2/1) apartments on the upper floor. Especially now with economic growth returning, whether acquired individually or together with the building on lot 108 to its north, this can be the ideal investment to deliver your desired ROI. For an investment of $450,000 and net rental income approximating $31,000, you will generate a cap rate of 6.9%.

Listing Courtesy of Bahamas MLS

Amenities

  • Fenced

Property Details

Amenities
Air Conditioning Part, Fenced
Area
East Street

Additional Information

SqFt Total
2916

MCR Bahamas

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