24 Lancaster Place Triplex

 Grand Bahama / Freeport
US$495,000 Business Opportunity

Property Details

  • Property ID 34744
  • Area 4,080 Sq. Ft.
  • Bed 1
  • Bath 1
  • Type Commercial
  • Lot Size 20480
  • Location 24 Lancaster Place Triplex
  • Year Built 2001

Description

Great area, great income potential! This triplex is located In desirable Bell Channel subdivision area, in walking distance to beautiful as well as popular Taino beach. Fish Fry on Wednesday nights is a short stroll away! Just about everything is 10 minutes away, including downtown, airport, etc. Long term income potential of these 2 bedroom 2.5 bath townhouse units are: $1100/month for two units, $1400/month for the third unit. Two of the units are currently rented. This property has tremendous potential for short term rentals given this location. Monthly unit price on long term basis - with tenant paying his utilities such as electricity and cable/ internet, equals weekly unit price on short term with utilities all included. No property tax! Land service fee is $224 annually. It might be worth exploring this income potential closer and becoming a Landlord.

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Greg Ageeb

Greg AgeebManaging Broker

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