Red Roof Properties

Lot 275 ST. THOMAS DRIVE

Description

INVESTMENT PROPERTY for sale! This apartment complex sits on 1/3 of an acre, and consist of 6 separate units in total – 4 two bedroom apartments, and 2 one bedroom studios, ALL tenanted, and currently provides rental income of $180K – $200K per month to the owner. The property also has a fenced off area at the back with some fruit trees that can be used to build a dream home whilst still earning income from the apartment complex. The property enjoys cool air from the sea which is in walking distance and is visible from the third floor apartments on the building. It is approximately 10 minutes from the highway currently being built by the GOJ, and approximately 35 minutes from Kingston. Once the highway is completed property value in Albion will increase further, particularly based on demand from those looking for an alternative to living in Kingston. This peaceful community is suitable for returning residents and anyone seeking an investment property adjacent to Kingston!


Features and Amenities
  • Block and Steel
  • St. Thomas
  • Garden Area
  • Grilled
  • Kitchen Built-in(s)
  • Fully Fenced
  • View – Mountain
  • Easy Access
  • Family Oriented
  • View – Ocean
  • Low Maint Yard
  • Quiet Area
  • Level Lot
Beds
10
Bath
5
sq ft
5000
Currency
JMD
Price
65000000
MLS
54934
Total cost of loan
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Location
ST. THOMAS DRIVE