Old Airport Rd Apt Complex Grand Turk · Turks & Caicos MLS# 1154618 Multi - Family For Sale

US$ 625,000
MLS# 1154618
New Listing
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Courtesy of TCREA MLS members.

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.

Map Location

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Disclaimer: The information contained herein has been furnished by the owner(s) and or their nominee and represented by them to be accurate. The listing company, agent and TCREA MLS disclaims any liability or responsibility for any inaccuracies, errors or omissions in the represented information. The listing details herein are also courtesy of TCREA (Turks and Caicos Real Estate Association) MLS. All the information contained herein is subject to errors, omissions, price changes, prior sale or withdrawal, without notice and is at all times subject to verification by the purchaser(s). (¹) Listed Amount was converted based on recent interbank exchange rates. We do not guarantee the accuracy of these amounts.