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Town Hall Road Cayman Islands

$2,800,000

EXCLUSIVE
  • 9 Beds
  • 9 Baths
  • 5,610 Sqft
  • .33 Acres

Essential Information

  • MLS® #406821
  • Price$2,800,000
  • Price (Euro)€2,376,158
  • Bedrooms9
  • Bathrooms9.00
  • Square Footage5,610
  • Acres0.33
  • Year Built1983
  • TypeMulti-Unit
  • StatusCurrent

Sub-Type

Apartment Building / Condo Building

Community Information

  • AddressTown Hall Road
  • AreaW Bay South
  • Subdivision5B
  • StateCayman Islands

Amenities

  • ViewBeach View

Interior

  • CoolingCentral

Exterior

  • ConstructionBlock
  • FoundationSlab

Additional Information

  • ZoningHigh Density Residential

Property Description for Town Hall Road

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.

Mortgage Calculator

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

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