Grand Cayman, George Town, Cayman Islands

Exciting opportunity to acquire (5) five apartments in central George Town! This (5) five-unit apartment building, located on Maple Road, is just 1,200 feet from the prestigious "ONE GT" ultra-luxury high-rise condo/hotel, and approximately 1,000 feet from the proposed "ELDEMIRE" high-rise building on Boilers Road. The property backs onto Doctors Hospital, enhancing its appeal and accessibility. At 37 Maple Road, the building features two ground floor units with two bedrooms and one bathroom, along with three upper floor units, each comprising one bedroom and one bathroom. #Parcel 402 spans 3,350 square feet, generating a net annual income of over $90,000 KYD. This property has undergone extensive renovations, elevating it to a high condo-quality standard for the three one-bedroom units. Upgrades include natural stone floors, marble bathrooms, frameless shower glass doors, solid wood kitchens, split unit AC systems, and complete new plumbing and wiring. The exterior has been refreshed with new stucco and a new standing seam roof, along with construction of new water meter panel enclosures and individual meter piping. The total cost of renovations exceeded $300,000 KYD. It is important to note that the building is fully occupied, with current rents below market rates. For further details, including an NDA, rent roll, P&L, and additional images of the renovated and non-renovated units, please inquire.

Configuration

2 x 2 bed 1 bath

3x 1 bed 1 bath
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