8 Unit Apartment Complex located in the Glass Shack area of Providenciales with (1) x 2/bedroom unit and (7) 1 x bedroom units. The complex is located within the center of Providenciales and is just off the main Leeward Highway. The land size totals 0,60 acres and with the two existing buildings and allocated current car park spacing, the lot allows for further and future expansion for more rental units (subject to planning approval - see survey) The property has been well maintained by the current owners and there on-Island Property management company. Other features of the property are a new roof and 100% occupancy. The property benefits from a very low OPEX with a current cap rate of 6.34%, which is estimated to grow to 7% in 2025. For further Information please contact us for rent roll and other related Information.
Updated: 08/08/2024, 01:19:31 PM The data relating to real estate for sale/lease on this website comes in part from a cooperative data exchange program of the Turks and Caicos Multiple Listing Service (MLS) in which these Brokers participate (TCREA). The properties displayed may not be all the properties in the Turks and Caicos MLS database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker/Agent are marked with the IDX Symbol, indicating an agreement to exchange property information. Detailed information about such properties is noted as Courtesy of: Turks and Caicos Real Estate Association. Information provided is thought to be reliable but is not guaranteed to be accurate. You are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. This information is protected from unlawful duplication by copyright.
