24-Unit Multi-Family Portfolio — Nassau, Bahamas
Key Investment Metrics
Estimated by listing agent$6,800,000
Asking Price
7.8%
Cap Rate
$530K
NOI / Year
$608K
Gross Revenue
100%
Occupancy
24
Units
2009
Year Built
22,000 sq ft
Size
Investment Highlights
A stabilised 24-unit multi-family rental portfolio in eastern Nassau, comprising four 6-unit apartment buildings on adjacent lots. All units are currently occupied with long-term residential tenants. Average passing rent of $1,850/unit/month. The portfolio offers immediate income and strong long-term appreciation prospects given limited new residential supply in the area. Full property management provided by a local operator.
Financial Summary
Estimated by listing agent| Gross Revenue | $608K |
| Operating Expenses | ($78K) |
| Net Operating Income | $530K |
| Implied Cap Rate | 7.8% |
Full audited financials available on request.
Location
Nassau, Bahamas
Eastern Road, Nassau, New Providence, Bahamas
David Chen
Island Assets Group
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