Multi unit property for sale. Main house consists of 2br/1ba unit on top 2 floors and 1br/1ba on lower level. Rooftop pool on the property with studio unit underneath, built as solid concrete and finished 2018. Sale to include architectural plans and approved building permits for 4 unit structure consisting of two 2br/2ba and two 1br/1ba with a common area rooftop kitchen. Total property is .54 acres, two parcels selling together, and zoning compliant for current units and new approved units to be built.
Located Cruz Bay quarter Gifft Hill neighborhood with views to the west.Convenient to town and beaches. Property views are incredible panoramic ocean views including the islands of St Thomas, Little St James, and Great St James. There are also beautiful sunset views to the west. There have been many new upgrades throughout the years including an electronic security gate, whole house generator with automatic transfer switch (2022) and 500 gallon propane tank, new AC units throughout (2018), and plenty of on site newly refinished concrete parking.
Each unit has separate washer/dryer to make same day villa flips easy. Solid short therm rental history with VRBO. Large cistern approximately 10k gallons feeds the entire property. High pH water filtration system to provide drinking water to guests,
This property has high consistent cash flow, low fixed expenses, online apps to manage from afar without a property manager, and room for an even higher rate of return with the approved permits and building plans. We don't expect this property to be on the market long, especially at the asking price and terms including owner financing to qualified buyers.
