GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS - $ 1,314,000

Overview

PROPERTY#:14813151

$ 1,314,000

Prime Five-Unit Investment Property in Walkers Rd,George Town, Grand Cayman, Cayman Islands Walkers Road

George Town

     Excellent opportunity to acquire a fully occupied five-unit apartment building in the heart of George Town, offering strong current income and significant upside potential.nnSituated at 47 Maple Road, this solid concrete-constructed building comprises five spacious 2-bedroom, 1-bathroom apartments, totaling approximately 5,200 sq. ft. on a 0.23-acre parcel. Each unit features a functional layout with kitchen, living area, and individually metered electricity through CUC.nnThe property is strategically positioned within a commercially zoned neighborhood, just 1,200 feet from the landmark ONE GT luxury condo-hotel development and approximately 1,000 feet from the proposed ELDEMIRE high-rise project. It also backs directly onto Doctors Hospital, placing it within one of George Town's most rapidly evolving districts.nnCurrently generating over CI$90,000 in net annual income, the building is fully tenanted with long-term occupancy. Current rental rates are estimated to be 30%–40% below market value, presenting an attractive value-add opportunity for investors seeking to increase returns through renovations and rental adjustments.nnWhile the apartments remain largely in original condition and will benefit from modernization and maintenance, the combination of stable income, redevelopment potential, and a prime central location makes this an exceptional investment opportunity.nnProperty Highlights:nn Five 2-bedroom, 1-bathroom apartmentsn 10 bedrooms, 5 bathrooms totaln Approximately 5,200 sq. ft. of building arean 0.23-acre lotn Fully occupied investment propertyn Net annual income exceeding CI$90,000n Individually metered electrical servicen Commercial zoning arean Minutes from George Town business districtn Near ONE GT, proposed ELDEMIRE development, and Doctors Hospitaln Significant rental upside and long-term appreciation potentialnnA rare opportunity to secure an income-producing asset in one of Grand Cayman’s fastest-growing urban corridors.nYour First Step to Homeownership Starts with Pre-Qualification!nBefore you begin searching for your dream property, get pre-qualified with your bank or lender. Find out how much you can borrow, what your estimated closing costs will be, and ensure you meet the lender's financing requirements.nOnce you're pre-qualified and understand your budget, you can confidently start looking for properties that fit both your needs and your lender's criteria.nKnow your budget first. Shop with confidence second.

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