19 Wallace Road, New Providence/Paradise Island, Bahamas

$275,000

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4

Beds

2

Baths

1,600

Square feet

0.12

Acres

About 19 Wallace Road

This Duplex is situated at 19 Wallace Road. The lot approximates 5,100 sq ft in size. It is a part of the middle-income neighborhood of the Greater Chippingham Subdivision. The property is represented by: 2 – 2 bedroom 1 bathroom units with a living / Dining Room. There is an unfinished Efficiency that can be completed to generate additional rental income. The 2 finished units are fully leased with reliable tenants. Each unit rents at $800 monthly. Annual rental income is $19,200. Expenses approximate 40% thereof to generate potential net income of $11,520 The building can be expanded to two (2) stories to add another 2 units, which plus the efficiency will represent a total of 5 units to minimally generate $4,000 in monthly rental income.

Features of 19 Wallace Road

MLS® # 55986
Price $275,000
Bedrooms 4
Bathrooms 2.00
Square Footage 1,600
Acres 0.12
Year Built 2004
Type Residential
Sub-Type Full Duplex
Style Apartment

Community Information

Address 19 Wallace Road
Area Chippingham
City New Providence/Paradise Island
State Bahamas

Amenities

Parking Open
Is Waterfront No
Has Pool No

Interior

Interior Features Unfurnished
Cooling Split
Has Basement No

Exterior

Exterior Finished Concrete
Roof Asphalt Shingle
Construction Concrete Block
Foundation Yes

Listing Map

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