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$ 525,000
Est. payment /mo
Active
KOOL ACRES New Providence/Paradise Island
7 Beds
4 Baths
2,907 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,907 sqft
Price per Sqft $180
MLS Listing ID 67756
Style Apartment
Bedrooms 7
Lot Size 8,835 Sqft
Property Description
Discover a prime investment in the Kool Meadows community, just off Joe Farrington Road. This turnkey, fully occupied fourplex offers immediate cash flow with 100% occupancy and a steady $50,400 annual rental income, delivering a strong 9.6% gross yield based on the asking price. Perfectly suited for both seasoned investors and first-time buyers, this property is in excellent condition and requires minimal upkeep. The quiet, family-friendly neighborhood ensures strong, stable rental demand, with easy access to shopping, major roadways, and top public and private schools making it a magnet for long-term tenants. A standout feature is the value-add potential current rents are below market, providing a clear path to increased income and improved returns. With strong tenant demand, low vacancy risk, and immediate cash flow, this is a must-see multifamily asset in one of the most consistently rentable areas. Donât miss your chance to secure a high-performing asset with both immediate returns and long-term growth potential.
Location
Community Fox Hill
Area Fox Hill
Building/Complex Name New Providence/Paradise Island
Interior
Interior Features None
Cooling Split
Flooring Ceramic Tile
Exterior
Parking Features Open
Roof Type Asphalt Shingle
Building
Lot Description Family Oriented, Low Maint Yard, Shopping Nearby, Road - Paved, Can Be Rented
Foundation Yes
Sewer Septic - Yes
Water City
Structure Type Concrete Block
Courtesy of: The Bahamas MLS
