INVESTMENT BUNGALOWS- 31 A/B ELKHORN CRESCENT, CORAL GABLES West Bay, Grand Cayman, Cayman Islands
Phenomenal investment opportunity to own 2 (2 Bed / 1Bath) identical Bungalows, situated on a 0.32 acre parcel in the sought after community of Coral Gables, located off North West Point Road. Extensive renovation/improvement works took place in 2014, both properties benefit from newly installed; Roofs, electrics, AC systems, flooring, windows, kitchens & appliances, bathrooms, fiber glass septic tank and propane gas provisions among other items. Like the thought of owning a vacation rental property and becoming an Airbnb Superhost? Well this is the perfect property for you! The property boasts annual net revenue projections in the region of KYD$62,000 and an ROI in excess of 10% per annum. For those investors more conservative in their approach, continue to rent the Bungalows on long-term tenancies and stand to pocket a handsome KYD$50,000 gross income per annum. The property benefits from a fenced courtyard with shared pool and low maintenance yard. One of the adjacent parcels is vacant common area, owned by the Home Owner's Association, this offers the properties even greater privacy. Ground floor elevations of 16 ft + above sea level. Located within minutes walking distance to the beach, restaurants, shore diving facilities, turtle farm, car museum and dolphin discovery etc. No strata fees, representing a saving of approx. CI$1000 per month. The property offers a turn-key investment proposition, both properties have been proactively maintained with no evidence of deferred maintenance. Don't miss out on this fantastic opportunity, contact us today!
- Listing TypeSemi-detached/duplex/triplex
- ViewGarden View
- Pets AllowedYes
- Approx. Water Frontage85
- ZoningLow Density Residential