Old Airport Rd Apt Complex

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.

Residential: Multi-Family

Year Built: 2009

All Islands: Grand Turk

Status: For Sale

MLS ID: 2400315