Earn Today. Expand Tomorrow. Investment Opportunity in Prospect
Established rental income, approved expansion plans and multiple investment possibilities all on just under an acre on Rosemary Street in Prospect.
This fully rented 5-plex generates CI$10,548 per month, or CI$126,576 annually, delivering an approximate 5.22% gross rental yield at the asking price with further potential to unlock.
Built approx. 2006 and substantially renovated in 2019, including a new standing seam roof, the property comprises 3 spacious 2-bedroom residences of 1,420 square feet each and 2, one-bedroom apartments measuring 775 and 765 square feet. Features include private covered patios or balconies, central air conditioning, landscaped grounds and a parking area.
Approved plans for **8 additional apartments—6, one-bedroom units and 2, two-bedroom units—*offer the opportunity to expand to 13 residences and grow the rental portfolio.
The opportunity extends beyond construction. Investors could also explore subdividing and selling a portion of the land, subject to the necessary approvals, offering an alternative way to realize value while retaining the existing income-producing units.
Hold for income, develop for growth or explore the land’s subdivision potential: this property offers flexibility for investors with different strategies.
