Abaco Bahamas Real Estate

- Elbow Cay Abaco

Area: Elbow Cay
Island: Abaco

Listed Price: $550,000.00
Property Type: Apartment Complex
Sale or Rent: For Sale Only
Construction: Concrete Block
Floors In Building: 2
Parking Type: Open
Insulation (Walls): Yes
Total Finished Floor Area: 3800
Style: Other
Units In Building: 7
Total Floor SQ FT: 3800
SQ FT 1st Floor: 1900
Currency: BSD
Lot: B-18A
Lot Depth: 115
Lot Width: 101
Lot Shape: rectangle
Lot Size: 11553
Amenities: Impact Shutters, Unfurnished
Legal Description: Lot B-18A, White Sound, Elbow Cay, Abaco
Restrictions: None
Air Conditioning: Central
Outdoor Area: Veranda
Flooring: Ceramic Tile
Foundation: Yes
Insulation (Ceiling): Yes
Laundry: None
Monthly Assessment: 0
Assessment Includes: No Fee
SQ FT Second Floor: 1900
Roof: Asphalt Shingle
Levels Per Unit: 1
Exterior Finish: Finished Concrete
Road: Street
Description: A solid investment with projected 9% return on investment after closing costs and repairs. Concrete block construction, built by one of Hope Town's most reputable builders, Kevin Albury. The main building has a total of 3,800 sq. ft. of finished living space, and 760 square ft. of verandah. There are 7 apartments: 3 - 2b/1b upstairs, and 4 - 1b/1b on the ground floor. A separate 144 sq. ft. CBS laundry room is conveniently located on the property for all tenants. The potential for a coin laundry open to the public could be a prosperous sideline business. Centrally located in White Sound on a 11,553 square ft. lot with room to expand. Cistern size: 16,000 gallons. Excellent rental history. Hurricane damage due to hurricane Dorian includes: Roof damage estimated at $50,000-$75,000. All damaged sheetrock and insulation have been removed. Other damage: rails, paint and some windows and doors. Being sold "as is".
Site Influences: Adult Oriented, Central location, Easy Access, Family Oriented, View - Ocean, Southern Exp, Low Maint Yard, Shopping Nearby, Recreation Nearby, Road - Paved, Phone to Lot, Level Lot, Underground Services, Marina Nearby, Potential Recreation, Can Be Rented, Recreational
Water: Rain Water
Sewer: Septic - Yes

Neighborhood Links

MLS Number: 40120
Status: Active
Date Listed: 2020-02-03

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