$1,500,000
St. Thomas, 00802
MLS# 25-2049
13 beds | 11 baths
1 / 77
Property Description
Investment opportunity: 9-unit income property currently generating $9,350/month with potential to generate approximately $13,000-$14,000/month (7 units rented and 2 units vacant). Property consists of 4x-1BR, 4x-2BR, and 1x-Studio, most on month-to-month terms, allowing flexibility (some currently rented below market rates). All units include AC and appliances, most are furnished. Coin-operated laundry. Separately (sub)metered utilities (except studio), and Wapa water. Solar (86 panels) + Batteries, Off street parkings. Grandfathered multi-unit. Strong value-add and cash-flow potential in a high-demand rental market. Great potential as a short term rental property as well (Airbnb etc.) in a great location, and 1min drive to Havensight. Property sold as-is.
Details
Location/Area
Plot/Unit Number: 7
Island: St. Thomas
Quarter: Frenchmans Bay
City: St.Thomas
General Property Description
Realtor.COM Type: Commercial
Total Bathrooms: 11
Taxes: 3899.84
Furnished: Partial
Tax Year: 2025
Lot Acres: 0.4
Water Front: No
Pool: No
Zoning: R-1
Stamp Tax: Paid by Buyer
Approx. Sq Ft: 5832
List Price: $1,500,000
Total Bedrooms: 13
Year Built: 1962
Listing/Selling Member Info
Approx Int Sqft: 5832
Miscellaneous
PWD#: D9-1681-T81
Sale Includes
Land & Building: 1
LocationArea
Estate: Havensite FB
Postal Code: 00802
Geo Lat: 18.329477
Geo Lon: -64.921006
Directions: Coming from Havensight, pass the Wico building, 4th property on the right with parking pad. See map (https://maps.app.goo.gl/AqpTVEq2tFPfv9kN7)
Contract Information
Status: Active
Current Price: $1,500,000
Begin Date: 2025-11-04
Property Features
Sale Includes: Land & Building
Listing Office: Sea Glass Properties
Information deemed reliable but not guaranteed.