$350,000 $1,879 est/mo Sourced by Back At You

Adelaide Road,Carmichael Road, NEW PROVIDENCE 00000

Carmichael Road NEW PROVIDENCE, 00000

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Description

This 1.25 acre vacant plot is ideal for multi-family development situated in the highly coveted western district of New Providence within the burgeoning Carmichael area. Priced attractively it presents an excellent opportunity for an investor or developer aiming to expand their portfolio and capitalize on the continuously growing and lucrative rental market in New Providence. The property offers diverse options for maximizing its potential, promising a substantial return on investment. Potential strategies include subdividing the land into four to six individual lots, constructing an apartment complex or establishing a small gated community. The range of possibilities makes this property a true gem, representing the perfect venture for the discerning buyer.

Details

MLS#55352
Listing TypeFor Sale
Building Name1.25 Acres
Sub-TypeResale
StatusActive
Days On Site153
Listing Provided ByBAHAMAS REALTY LIMITED | ANNIE SAWYER

Features

SQ Feet54,587
Acreage1.25
Courtesy of the Bahamas MLS.

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Learn More About This Property

StateNew Providence
CityCarmichael Road
Zip Code00000
AreaNew Providence | Paradise Island
Listing VS Median (in 00000)
Price:
$350,000
low | high
Med:
$260,000
75.714285714286% of Average
SqFt:
54,587
low | high
Med:
905
100% of Average
$ / SqFt:
$6
low | high
Med:
$287
100% of Average
On Site:
153
low | high
Med:
143
100% of Average
Sourced by Back At You
Listing Updated: March 26, 2024 at 2:21:56 PM PDT
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