Island: New Providence/Paradise Island
Listed Price: $600,000
Property Type: Building and Land
Business Name: Park View Mini Mart
Business Type: Commercial
Multi-Family: Apartment
SqFt Total: 4117
Business Name: Park View Mini Mart
Business Type: Commercial
Multi-Family: Apartment
SqFt Total: 4117
Currency: BSD
Lot: 1
Lot Depth: 187
Lot Width: 66
Lot Shape: Rectangular
Lot SqFt: 12719
Industrial: Light
Year Built: 1998
Lot: 1
Lot Depth: 187
Lot Width: 66
Lot Shape: Rectangular
Lot SqFt: 12719
Industrial: Light
Year Built: 1998
Description: This versatile property comprises two 2-story apartment complexes with a total of 17 units, offering a mix of residential and commercial spaces that cater to a variety of tenants. Secure rental income from day one with a mix of occupied and available units, including a fully operational convenience store that adds an additional stream of revenue. Building 1 features eleven 1-bedroom, 1-bathroom efficiency units with approximately 90 sq. ft. of bedroom space each, one full 1-bedroom, 1-bathroom unit, and the convenience store. Building 2 contains two full-sized 1-bedroom, 1-bathroom units with approximately 100 sq. ft. of bedroom space each, and four 1-bedroom, 1-bathroom units. Originally designed for 1-bedroom units, the layout has been adjusted to increase revenue but can be easily reconverted to the original design or customized for style and functionality. This property is in need of repair and tlc to reach its full potential. Ideal for investment rentals or adaptable for use as a school or retail space. Motivated seller eager for a quick sale. Call us, let's negotiate.
MLS Number: 58521
Date Modified: 07/23/2024
Listed by: Hideaways Real Estate