Old Airport Rd Apt Complex Grand Turk · Turks & Caicos MLS# 1154618 Multi - Family For Sale
Property Details
- TCREA 2400315
- City/Area Grand Turk
- Country Turks & Caicos
- Class Income
- Land 1.01
- Category Multi-Family
Features and Amenities
- Building - Framing
- Concrete Blocks
- Block and Steel
Property Remarks
This U-shaped apartment complex is situated on the sought-after Old Airport Road, occupying 1.01 acres of land and comprising a total of 7 units. Among these units, there are 6 one-bedroom units and 1 two-bedroom unit, all currently leased to long-term, professional tenants, ensuring full occupancy. Generating $5,000 in monthly rental income, this property yields a clear annual profit of $60,000, making it a lucrative investment opportunity on Grand Turk. Additionally, the property offers extra land space that can be utilized for constructing a primary residence or other developments, such as subdivision, providing flexibility and potential for further expansion. Zoned for mixed use according to the zoning map, this property presents limitless possibilities for future development. Each unit features a straightforward layout and offers comfortable living spaces.