Current Price:$250,000 List Date:5/16/2012Last Modified:1/04/2021
Description
MOTIVATED SELLER! ALL CASH offers will be CONSIDERED! Best Deal in Town! Great investment
opportunity to own a 3 unit apartment building, including several vacant parcels for easy expansion, plus an existing cistern stab to add another building. Newly renovated & well maintained masonry building with paved driveway, plenty of parking, nicely landscaped, completely fenced, and views of Cruz Bay & beyond from the upper unit. Easy walk to town, zoned R-4. City water & sewer. Live in one unit & rent the other units for income! Buyer shall pay the stamp tax.
Supplements: Unit #1 (top): $1200 monthly, plus utilities. $1200 security deposit. One year lease, starting 9/1/12.
Unit #2 (middle): $1100 monthly, plus utilities. $1100 security deposit. Kathy has lived there for over a year, so her lease is now month to month. The owner has a verbal agreement with her to manage the property for a reduced rent of $550 a month. Kathy is responsible for all aspects of the property, i.e, collecting the rent, screening new tenants, arranging & overseeing repairs when necessary, overseeing gardener, who is on an as-is basis @ $25 an hour (generally every other week, depending on if it's been raining). Owner is in the process of having a drip irrigation system installed by Alfredo's.
Unit #3 (lower): $800 monthly, plus utilities. $800 security deposit. One year lease starting 12/1/12.
Parcel Number: 6P Rem*Parcel Addl.: 7-1, 7-2Estate: EnighedQuarter: Cruz BayIsland: St JohnCountry: USState/Province: VIPostal Code: 00830Add. Legal Address: 6P Rem, 7-1, 7-2, 7-11, & 7-12 Estate EnighedSubdivision: Other:Easements: Of Public RecordAccess: Paved RoadZoning: R-4ResidentialRestrictions: NoneFractional Time Pd: N/A
General Property Description
Total Bedrooms: 6Total Bathrooms: 4Sq Ft Enclosed (+/-): 1400Sq Ft Deck (+/-): 400Total SqFt. (+/-): 1800Waterfront: NPool: NoHot Tub/Spa: NoYear Built: 1987Lot Size In Acreage: 0.39Lot Size In SqFt: 17341.23
Sewer
Other: City Water
Addl Construction
Builder: Ralph PowellFoundation: ConcreteGrade: Gentle
Appliances
Air Conditioner: 3 wall units# of Units: 3
Cistern
Capacity +/- (gal.): 40,000
Property Features
House/Apt: ApartmentCondition: Very GoodConstruction: MasonryRoof: MembraneLandscaping: ProfessionalView: Harbor; St. Thomas; West/sunsetFurnished: PartialAppliances: Refrigerator; StoveCistern: MasonryPossession: Buyer Honor Rntl Res
Listing Office: Cruz Bay Realty
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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