Road Town, Tortola VG1110 , British Virgin Islands
This amazing location is pinpointed right above the BVI Red Cross Building. The extra 1/3 of an acre of buildable space is located right next to the Pasea Apartments ( Above Treasure Isle) those apartments rent for $3500 each on avg.
The potential to do something similar with the extra land is obvious.
Even before that the current structure of the 4 unit property has the ability to bring $5600-$6000 per month in rental income of $67,200-$72,000 per year. At the current asking price this represents an ROI of 8-9 %.
The property consists of :
The views extend above Road Town where you can see comparable residential properties like Tobacco Wharf and Village Cay. The property is a short 7-minute walk to Road Town and a meager 2 minutes drive.
The property is move-in ready or in need of upgrades depending on your vision for a rental property.
What is clear is that if you are seriously looking to add passive income to your portfolio in a growing BVI rental market, NOW IS THE TIME!
1.3 Acres lot
We are here to guide you into luxury and will always enjoy being part of your first step to completing that project you've always dreamed of. Contact us today, to see the potential!