Introducing an exceptional investment opportunity to own in George Town! This 10-unit 2 bedroom, older, yet charming complex is an ideal fixer-upper with tremendous potential! Situated in the desirable location of South Church Street, minutes away from Smith Cove and downtown George Town and located 8ft above sea level, this property presents a canvas ready for transformation, making it an attractive prospect for seasoned investors and those 1st time Caymanian purchasers seeking to enter the real estate market! The complex has a unique character that can be revitalized to create a welcoming and inviting atmosphere for future tenants. With each unit offering ample living space (1,052 or 1,102 sq. ft.), this property holds immense potential for customization and renovation, enabling you to craft comfortable living spaces that cater to modern needs and preferences. The property grounds provide ample room for creative landscaping, communal area, or additional amenities, further enhancing the appeal of this investment.
Investors with a keen eye for value and growth will appreciate the promising returns these units present. Capitalizing on the growing demand for affordable housing, renovating and repositioning these units can yield attractive rental income and long-term appreciation potential. As one can never have enough storage, there is an opportunity for a 75-100 sq ft storage locker on property for each owner as well!
The possibilities are endless! Don’t miss out on this exciting prospect; seize the chance to unleash the hidden potential within Reef House! Contact us for more information and to schedule a tour of this extraordinary property! Priced with a genuine interest in selling. Perfect for first time Caymanian Buyers with a stamp duty waiver! Broker Owned.