Baker Apartments
Chippingham, Nueva Providencia / Nassau, Bahamas

$525,000
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This Quadplex is situate at 19 Wallace Road at its southern boundary and extends therefrom to 34 Flamingo Avenue in the north. That is, it runs from Street to Street on a 10,200 sq ft lot. It is a part of the middle income neighborhood of the Greater Chippingham Subdivision. The property is represented by: 2 – 2 bedroom 2 bathroom units with a living / Dining Room 1 – 1 bedroom 1 bathroom...
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.23 acres
Exterior
F978369479
ID web
47365
ID de MLS
Edificio
Tipo de inmueble
2,455 PIE CUADRADO
Interior

Acerca de 19 WALLACE ROAD

This Quadplex is situate at 19 Wallace Road at its southern boundary and extends therefrom to 34 Flamingo Avenue in the north. That is, it runs from Street to Street on a 10,200 sq ft lot. It is a part of the middle income neighborhood of the Greater Chippingham Subdivision. The property is represented by: 2 – 2 bedroom 2 bathroom units with a living / Dining Room 1 – 1 bedroom 1 bathroom efficiency 1 – 2 bedroom 1 bathroom unit with living / dining room and porch (cottage) Rental income potential is $500 monthly (can be increased after upgrades) for the 2 beds 1 bathroom or $1,500 monthly and $400 monthly for the efficiency. Annual potential income is $22,800. Expenses approximate 40% thereof to generate potential net income of $13,680, which on an investment of $525,000 represents an annual ROI of 2.6%. The property needs renovations and tenants have been asked to vacate to allow upgrades. There is approximately 2,500 sq ft of space in between the units in the front and the back of the property which can be used to construct 3 more 2 bedroom 1 bathroom units.

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The Bahamas Real Estate Association is not responsible for the accuracy of the information listed above. The data relating to real estate for sale or leaseon this web site comes in part from the Internet Data Exchange Program (IDX) and the Bahamas MLS, and is provided here for consumer's personal, non- commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Real Estate listings held in brokerage firms other than the office owning this website are marked with the IDX Logo on the short inquiry. Data provided is deemed reliable but not guaranteed. This information is protected by copyright and all rights are reserved. This property is shown courtesy of The Bahamas MLS.
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