19 WALLACE ROAD, Chippingham, New Providence/Paradise Island

  • $275,000
New Providence/Paradise Island, Bahamas
  • Duplex
  • Property Type
  • 4
  • Bedrooms
  • 2
  • Bathrooms
For Sale

19 WALLACE ROAD, Chippingham, New Providence/Paradise Island

New Providence/Paradise Island, Bahamas
  • $275,000
  • Property ID: M55986
  • Price: $275,000
  • Land Area: 5077 Sq. Ft.
  • Bedrooms: 4
  • Bathrooms: 2
  • Property Type: Duplex
  • Property Status: For Sale

Description

This Duplex is situated at 19 Wallace Road. The lot approximates 5,100 sq ft in size. It is a part of the middle-income neighborhood of the Greater Chippingham Subdivision. The property is represented by: 2 – 2 bedroom 1 bathroom units with a living / Dining Room. There is an unfinished Efficiency that can be completed to generate additional rental income. The 2 finished units are fully leased with reliable tenants. Each unit rents at $800 monthly. Annual rental income is $19,200. Expenses approximate 40% thereof to generate potential net income of $11,520 The building can be expanded to two (2) stories to add another 2 units, which plus the efficiency will represent a total of 5 units to minimally generate $4,000 in monthly rental income.

Features

  • Community Chippingham
  • Island New Providence/Paradise Island

Contact Information

Agent Bio
Courtesy of the Bahamas MLS

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Courtesy of the Bahamas MLS
  • Courtesy of the Bahamas MLS