Title of Property: Baker Duplex
Area: Chippingham
Island: New Providence/Paradise Island
Listed Price: $275,000
Sale or Rent: For Sale Only
Property Type: Full Duplex
Bedrooms: 4
Baths: 2
SqFt Total: 1600
Construction: Concrete Block
Monthly Assessment: 0
Style: Apartment
Exterior Finish: Finished Concrete
Bedrooms: 4
Baths: 2
SqFt Total: 1600
Construction: Concrete Block
Monthly Assessment: 0
Style: Apartment
Exterior Finish: Finished Concrete
Currency: BSD
Lot: 5 A
Lot Depth: 102
Lot Width: 50
Lot Shape: Rectangle
Lot SqFt: 5077
Year Built: 2004
Air Conditioning: Split
Foundation: Yes
Roof: Asphalt Shingle
Lot: 5 A
Lot Depth: 102
Lot Width: 50
Lot Shape: Rectangle
Lot SqFt: 5077
Year Built: 2004
Air Conditioning: Split
Foundation: Yes
Roof: Asphalt Shingle
Total Finished Floor Area: 1,300
Description: 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 â 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.
Description: 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 â 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.
MLS Number: 55986
Date Modified: 01/23/2024
Listed by: Hideaways Real Estate