Property ID : 476
For Sale $525,000 USD - Homes
If you are looking for a solid return on investment close to the center of San Pedro Town then this property could be perfect for you. Consisting of three floors this mixed commercial/residential space is comprised of an established restaurant on the ground floor and two identical 1 bedroom/1 bathroom apartments on the second and third floors. Being located on the main road and close to one the largest residential areas of the Island both the rental apartments and the restaurant are very popular and the beach is just 300 feet away!
The ground floor, which has recently been renovated and houses the current owner’s restaurant, can either continue to be leased to the restaurant or converted into a third apartment if the new owner prefers. The upstairs apartments are fully tiled and are being sold furnished so this truly is a turn-key investment opportunity. The third floor apartment has a proven track record of renting for around US$900 per month and the roof top deck offers amazing 360 degree views of Caribbean ocean sunrises and lagoon sunsets.
If you are considering expansion the building has been engineered to accept a fourth floor so additional rental income beckons. Also, the current owner is also offering the established ground floor pizzeria for sale at this time so if you fancy yourself as a chef or are just looking for a complete change of lifestyle this property could allow you to have the world’s shortest commute!
Asking price for the triplex is building is $525,000 USD while the ground floor business is available for an additional $200,000 USD.
- Property Tax: US$225 per year
- Year Built: 2001
- Lot Size: 50' x 75'