Basics
- Date added: Added 1 year ago
- Category: Full Duplex
- Bedrooms: 4
- Bathrooms: 2
- Area: 1600 sq ft
- Lot size: 5077 sq ft
- Year built: 2004
- Currency: BSD
- Island: New Providence/Paradise Island
- Lot: 5 A
- Sale or Rent: For Sale Only
- Date Listed: 2024-01-18T00:00:00
- MLS ID: 55986
Description
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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.
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Location
Building Details
- Foundation: Yes
- Construction: Concrete Block
- Exterior material: Finished Concrete
- Roof: Asphalt Shingle
- Parking: Open
Amenities & Features
- Sewer: Septic - Yes
- Style: Apartment
- Air conditioning (Condo): Split
- Water: City
- Amenities:
Miscellaneous
- Legal Description: Lot 5 A, Wallace Rd, Greater Chippingham Subdivision
- Monthly Assessment: 0
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This property is shown courtesy of The Bahamas MLS.
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