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- 4-Unit Investment Property for Sale | Gros Islet
- USD$595,000.00
St. Lucia Real Estate
4-Unit Investment Property for Sale | L’Hermitage, Gros Islet, Saint Lucia
Asking Price: EC$1,600,000 | Sold As Is
Positioned in the elevated community of L’Hermitage, Caye Manger Heights, this approximately 75% completed four-unit residential development offers investors the opportunity to acquire a substantial multi-family property at an attractive price point.
The property enjoys beautiful Caribbean Sea and Pigeon Island views and is conveniently located near Gros Islet and Rodney Bay, providing easy access to shopping, dining, beaches, entertainment and other northern amenities.
Property Configuration
The development comprises four self-contained apartments:
- 2 × Two-Bedroom, One-Bathroom Apartments with laundry facilities
- 2 × One-Bedroom, One-Bathroom Apartments
Once completed, the property will offer four independent rental units, creating the potential for multiple income streams from a single investment.
4-Unit Investment Property for Sale Details
- Asking Price: EC$1,600,000 As Is
- Completion: Approximately 75%
- Last Valuation: EC$2.2 Million
- Estimated Equity: EC$600,000
- Estimated Cost to Complete: EC$250,000
- Floor tiles included
- Drywall for drop ceilings included
- Sea and Pigeon Island views
Strong Rental Potential
The four-unit layout provides flexibility for long-term rentals, executive accommodation or vacation rentals, subject to applicable approvals.
With approximately 75% of the development already completed, the remaining work is primarily focused on finishing the property and preparing the units for occupancy or rental.
At an asking price of EC$1.6 million as is, this represents an opportunity for an investor or developer to acquire a multi-unit property with an existing valuation of EC$2.2 million and significant potential to create additional value through completion.
Serious buyers are invited to inquire for further details and to arrange a viewing.
Related Documents
Property Details
- Price USD$595,000.00
- Property Status Properties For Sale
- Property Type Houses For Sale In St Lucia, Condominium, St Lucia Homes For Sale, Villas
Amenities
Location
Floor Plans
Video
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