HIGH-YIELD INVESTMENT: 10-Unit Apartment Building in Chin Chin (Cunupia)
Listed at $4.5M TTD (Negotiable)
Looking for a property that can generate steady, long-term rental income?
Generate ~$300,000 TTD in annual gross income with this fully established, 7-year-old income property located in Chin Chin Road, Cunupia. Designed with Insulated Concrete Formwork (ICF) blocks, the building provides energy efficiency and soundproofing for high tenant retention.
Why investors are circling this one:
• Asking Price: $4.5M TTD (Open to offers)
• Gross Income: ~$300,000 TTD / year
• An attractive foundation for long-term income generation - ~6.67% gross rental yield before operating expenses, which will increase even more when Hummingbird Realty negotiates on your behalf
• Land Size: 9,636 sq. ft. Freehold (2 lots, corner property)
• Prime Strategic Location: 3 mins from Southern Main Road; easy commute from Cunupia to East-West Corridor & Piarco and vice versa
• Bonus Space: Green space available for landscaping, tenant leisure, or further expansion.
• Tenants Attraction and Retention: Minutes from schools, recreational facilities, medical centers, supermarkets, restaurants, gas stations, places of worship, etc.. Also, secured parking for 10+ vehicles on-site, plus additional side-street guest parking. In addition, for convenience, all bedrooms are air-conditioned.
• Utilities & Security: Individual T&TEC meters for each unit, fully fenced compound with secured parking for all Tenants, dual-gated (one automated) and security cameras.
• Construction: ICF block walls (heat/sound insulation), steel roofing, zinc RHS steel kitchen cabinets and storage cupboards.
• 10 Self-Contained Units and the diversified unit mix which provides the potential to spread rental income across multiple tenants rather than relying on a single occupant type:
o Upstairs - 1 x 3-Bedroom / 2-Bath Apartment
o Upstairs - 4 x Studio Apartments
o Downstairs - 5 x 1-Bedroom Apartments (Note: 2 side by side 1-Bedroom Apartments can be combined to rent as a 3-Bedroom / 2-Bath Apartment)
Schedule a Viewing Today:
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When you buy with Hummingbird Realty, our services cost you nothing, so secure your opportunity to generate a steady, long-term income!
