Homes For Sale: Sint Maarten Cupecoy Cupecoy Apartment Building - Cote D Azur Marina
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$800,000 USD

Cupecoy Apartment Building - Cote D Azur Marina
Cupecoy
Sint Maarten
10.8 sqft :: 1 m2
7 bedrooms
7 full baths
Residential For Sale, Condominium
Sale price per sqm: 800,000
CENTURY 21 Island Realty
Airport Road, Unit# 34 A
Simpson Bay, Sint Maarten
Phone: (721) 545-5700
Fax:

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Remarks:

Rare opportunity to own a 4 condo apartment building in Cote D Azur Marina with water rights. The apartment building has been vacant since hurricane damage. There are 3 two-bedroom apartments and 1 one-bedroom apartment. Water rights available but dock has to be built. Approximately 30ft of water rights. The condition of the one-bedroom needs minimal repair. The 3 two-bedroom apartments will require extensive repair however tiling work is almost like new. The external windows and doors will need to be replaced. The roof is ok, no leaks. Roof and other external structures are covered under the association insurance. Very low association fee. This location is suitable for short-term and long-term rentals. Long term rentals are usually guaranteed because of proximity to Medical University. Previously all apartments were rented to students at $2200 per month per apartment. In the current market, your minimum long term rental gross income will be USD$72000 per year. Short term rental income can be 30% more.
Directions: From Rhine Road, drive down Jordan Road leading to Tigris Road. Once you pass the Caribbean International Academy carry on straight on Tigris Road until you see a sign on your right side for Cote D Azur Marina. If you have the gate access please park. If you do not have security gate access code please park outside. Plenty of parking available.

Features:

  • Location: Ocean access, Near a golf course, Close to A Shopping Center
  • Property Features: Balcony

Location:

Cupecoy Apartment Building - Cote D Azur Marina, Cupecoy, Sint Maarten
Listed By CENTURY 21 Island Realty

The Residential For Sale, Condominium located at Cupecoy Apartment Building - Cote D Azur Marina, Cupecoy, Sint Maarten is currently for sale. Cupecoy Apartment Building - Cote D Azur Marina, Cupecoy, Sint Maarten is listed for $800,000 USD. This property has 7 bedrooms, 7 full baths and 1 m2. If the property located at Cupecoy Apartment Building - Cote D Azur Marina, Cupecoy, Sint Maarten isn't what you're looking for, search Cupecoy Real Estate to see other Homes For Sale in Cupecoy.

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