π’ FULLY TENANTED 4-APARTMENT INVESTMENT PROPERTY IN BARATARIA
Ref: S-0047
β οΈ ASKING $2.5 MILLION O.N.O.ββ
πLAND SIZE: Approximately 7,695 sq.
ft. | 4 Apartments | $13,500 Monthly Rental Income
π° CURRENT GROSS RENT: TT$13,500/month
π° ANNUAL GROSS RENT: TT$162,000
π GROSS YIELD: Approximately 6.48%
An excellent opportunity to acquire a fully tenanted four-apartment residential property in Barataria, ideally positioned approximately 2 minutes from the Priority Bus Route (PBR).
The property sits on approximately 7,695 sq. ft. of land and currently generates TT$13,500 in gross monthly rental income, providing an existing income stream for an investor looking for an income-producing property with further potential.
π¨ VALUE-ADDED POTENTIAL
The property is being offered in its existing condition and would benefit from renovation and modernization. For an investor or developer, this creates the opportunity to improve the existing apartments, potentially enhance rental income, and increase the overall value of the property subject, of course, to the applicable planning and regulatory requirements.
π’ APARTMENT BUILDING BREAKDOWN
UPSTAIRS
πΉ Apartment A
3 Bedrooms | 2 Bathrooms
$4,000/month
πΉ Apartment C
2 Bedrooms | 1 Bathroom
$3,000/month
DOWNSTAIRS
πΉ Apartment B
3 Bedrooms | 2 Bathrooms
$3,500/month
πΉ Apartment D
2 Bedrooms | 2 Bathrooms
$3,000/month
β¨ PROPERTY FEATURES
β
Approximately 7,695 sq. ft. of land
β
Four existing apartments
β
Fully tenanted
β
Existing rental income
β
Residential property
β
WASA connection
β
T&TEC connection
β
Parking available
β
Approximately 2 minutes from the PBR
β
Existing infrastructure and utilities
β
Potential for renovation and modernization
β
Excellent opportunity for an investor seeking an income-producing property
β
Established main road access by (2)
β
Schools nearby
β
Police Station nearby
β
Convenient access to main roads & highways
β
Located within an area with ongoing development and expansion
β
Approximately 40 minutes to Piarco International Airport
SERIOUS ENQUIRIES ONLY!
For further information or to schedule an appointment to view this option please call/WhatsApp
Nick