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Apartment Building / Condo Building
Priced Reduced in US Dollar Currency USD$2,800,000. Great opportunity for a owner/operator to own a Beachview complex just past the 4 way stop in West Bay, Grand Cayman located before the West Bay Public boat dock. The vendors have built a very successful Airbnb and VRBO rental business and has filled a niche market for inexpensive short term rentals, records show a 85 to 90% occupancy for the past 12 months. Totally updated, clean and decorated really well, 6ft ROI to soft sandy Seven Mile Beach directly in front of the complex.. Guest rave about it, in fact, they have achieved Superhost status already! Stratified into 7 units already., 50,000 gallon cistern., great area for outdoor dining, and BBQ area. At List price, net of expenses, it shows a 8.5% ROI including a decent management fee.
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