JM$ 89,500,000
- 852650
MLS ID
MLS-87054
Phone Number
18766185404
WhatsApp
18764510953
Property Type
For Sale
Listing Status
Under Contract
Bedrooms
8
Bathrooms
5
Square Feet
2650
Posted
1 month ago
Additional Information
Garden Area; Grilled; Main Level Entry; Fully Walled; Cable; Wheelchair Access
Description
This unique residential compound, located just off of Constant Spring Road, offers a phenomenal investment opportunity with versatile options for income generation. The property consists of *five* units being sold en-bloc, including *three* 2-bedroom, 1-bathroom cottages; each with private backyards and front porches. These cottages are suitable for a nursing or independent living facility, with two residents comfortably accommodated in each unit. The two-story building houses *two* 1-bedroom apartments, perfect for management or staff, with convenient proximity to the cottages. All units have undergone cosmetic upgrades, ensuring they are in move-in condition with minimal additional work required. This property also offers significant potential for long-term rental returns. There are no restrictive covenants on the title, allowing for the possibility to subdivide the land and sell units individually for an even higher return. Whether utilized as an independent living facility, long-term rental property, or for resale after subdivision, this multi-unit real estate offering presents a flexible and lucrative opportunity with multiple avenues for maximizing investment potential.
Agent Name
WONG'S REALTY GROUP COMPANY LIMITED
Agent Email
Country
Jamaica
Parish
Saint Andrew
Address
Kingston & St. Andrew, Kingston 8
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