Investment Property, Apartment Building, Caye Caulker

Price: US$790,000 Quote ID-120

ON BACK STREET IN THE VILLAGE!
APARTMENT BUILDING FOR SALE

Units: 8
Net Annual Income (with min. 1 week rentals): US$76,780
Cap Rate: 9.7%

As an investor, purchasing an investment property that represents good value and strong, consistent returns is important. If you can get that AND purchase commercial real estate in an area that shows significant increases in property values year after year, all the better!

This building features numerous one bedroom, long term rental units (half of which are fully furnished) as well as a three bedroom owners suite. The building is only one year old and occupancy is 100%. Monthly rental income is US$2,800 plus another US$1,000 if you decide to rent out the owners suite. Current rents are considered to be below market value, they could be increased.  In addition, if these units were managed as short term rentals, the income would be even higher. If you’re looking for a business for sale on Caye Caulker, this might be it!

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