Gerasimenko
New Providence
Bahamas
Details
Address | 19 Wallace Road |
Area | New Providence/Paradise Island |
Sub Area | Chippingham |
Country | Bahamas |
Price | BSD 275,000 |
Property Type | Full Duplex |
Bedrooms | 4 |
Bathrooms | 2 |
Floor Space | 1600 Square Feet |
Lot Size | 0.12 Acres |
Year Built | 2004 |
Parking | Open |
MLS® # | 55986 |
This Duplex is situated at 19 Wallace Road. The lot approximates 5,100 sq ft in size. It is a part of the middle-income neighborhood of the Greater Chippingham Subdivision. The property is represented by: 2 – 2 bedroom 1 bathroom units with a living / Dining Room. There is an unfinished Efficiency that can be completed to generate additional rental income. The 2 finished units are fully leased with reliable tenants. Each unit rents at $800 monthly. Annual rental income is $19,200. Expenses approximate 40% thereof to generate potential net income of $11,520 The building can be expanded to two (2) stories to add another 2 units, which plus the efficiency will represent a total of 5 units to minimally generate $4,000 in monthly rental income.
Listing Courtesy of the Bahamas MLS