$2,130,360 $2,598,000

Beach Reach Multi-Family Income Producing

10 bed   |   5 bath   |   3750 sqft

1 of 10

Location, location, location! This 5 plex is located along the seven mile beach corridor and is within a 2 minute walking distance to the famous cemetery beach as well the Fosters and the new Jacques Scott plaza, which includes a liquor store, restaurant and spa/salon. Each of the 5 units have been tastefully decorated and each of the units have their own private gardens/outdoor space. Only a 5-7 minute commute into Camana Bay town center. Prior to Covid this Airbnb product earned an average of usd$17,000 a month totaling a NET income of usd$51,000 for the first 3 months OF 2020! When the island opens back up we should see similar rental figures being produced as this property was highly sort after and very affordable. With LOW maintenance/management fees it makes an attractive investment which can produce some solid returns. With the cost of construction and land at all-time highs why bother buying land and building when you can buy this turn-key property and start earning income immediately! Currently priced at usd$692 per sqft. Showing by appointment only.

Key features

  • Price $2,598,000 USD
  • View
  • Bedrooms 10
  • Bathrooms 5
  • Sq ft 3750
  • Type Apartment Building / Condo Building
  • Built 1993
  • MLS 413523

Property Details

  • Kitchen area
  • Central AC
  • Dishwasher
  • Microwave
  • Refrigerator
  • Cable TV
  • Septic tank

Neighbourhood Guide

Explore the areaWest Bay

Located North of George Town, Grand Cayman’s city centre, West Bay is a family-friendly community featuring a variety of real estate options from luxury waterfront homes and estates to reasonably priced single-family residences to oceanfront condominiums to undeveloped land to build your dream home or vacation paradise

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