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Rental Property For Sale
Location: Netherlands Antilles -> Simpson Bay
Industry: Real Estate > Other Real Estate




Business Summary

Now for sale, are 4 fully furnished 2 bedrooms, 1 or 2 bathrooms, luxury apartments. Located jus 30 seconds from the amazing beach of Simpson Bay. This small Apartments building is in the nicest street in Simpson Bay, Sint Maarten, Netherlands Antilles with two condo's on each floor who can be changed without problems easy in one, thus becoming a 3 or 4 bedroom/ 2 bathroom apartment with a total area well over 2,000 ft2 (200 m2.)
Situated close to quiet pristine Simpson Bay ocean beach where you can walk + swim, without big crowds, noisy bars or dangers in the sea or on the beach.

An Attractive Investment
These 4 apartments were built in 2003 and have a impressive long term rental history. Each has been rented out with a minimum of 12 months, the rent now is $2,000 monthly. All the little problems usually arising after new construction, have been taken care of and the plants in the garden have grown up.
They come fully furnished, including European washers/dryers, luxury German made to order kitchens, spacious bathrooms made in France, plenty of made to measure closets, all kitchen equipment, queen size beds and all other furniture.

No tax is applicable on profits by sale of privately owned real estate on Sint Maarten, neither are there yearly real estate taxes, waste disposal fees etc.
The hurricane insurance premium for each of these apartments is about the lowest available on the market due to the materials used and the safety measures taken during construction.

Just move in and enjoy the nice climate with the cooling trade wind and the views from one of your own verandah's. Contact for more information on this rental property for sale.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $80,000
Cash Flow:   $80,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $60,000
Seller Financing:  Yes

About The Business

Year Established:  2003
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Available on request.
Reason For Selling:  Health issue.

Photos

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Rental Property For Sale Photo 1




Print Listing Id: 700153211
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Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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