GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS - $ 10,230,000

Overview

PROPERTY#:14813169

$ 10,230,000

George Town 45 apartments, Wren Road and Bernard Road North sound road

George Town

     Discover an unparalleled opportunity in George Town, Grand Cayman—an extraordinary, fully tenanted apartment complex that generates immediate, tax-free rental income from day one. Whether you're a seasoned investor or looking for housing solutions for staff, this 45-apartment property combines prime location, stability, and effortless management.nnNestled in the vibrant heart of George Town, the complex features a direct pedestrian walkway linking Wren Road to Bernard Road, granting tenants exceptional convenience. With just a four-minute commute to Owen Roberts International Airport, this property consistently attracts professionals, locals, and transient renters alike, ensuring steady demand.nnComprising five well-designed buildings, this investment offers a diversified rental portfolio that supports reliable cash flow. With 45 apartments of varying sizes and layouts, occupancy rates remain robust and tenant turnover is remarkably low. Additional amenities include a shared parking along with coin-operated laundry facilities, enhancing passive income opportunities. This property currently generates a monthly income of CI$60,000 (USD$73,170), with significant potential to bring rents in line with market trends, projected to reach CI$86,600 ($105,609 USD).nnIn a landscape where opportunities are few and returns are vital, this property emerges as a high-performing, self-sustaining asset in the island’s most advantageous location. Investors seeking reliability, growth potential, and long-term value will immediately appreciate the strength of this exceptional offering.

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