Description

This is a great opportunity to invest in the Apartment building for sale in Penal Trinidad. With a monthly income of approximately $200k per month you can earn a 10% ROI.

Area:  Rock Road | Penal 

Bedrooms:  100

Bathrooms: 50

Apartments: 30

Parking: 20

Size: 22,000 sq ft

Price: TTD 16,000,000.00 (neg) .

Income: $ 150,000.00 (per month) (approx)

Contact: (868)-283-1172

Status: Available

There are many benefits to apartment investing. These include recurring income, spreading income across many units, lower per-unit maintenance costs, and the potential for extra income beyond collected rents. Lenders typically base their financing criteria on the property’s performance. The property’s value is often determined by rental income and its overall performance. All apartments are tenanted.

About Penal

Penal is a town in south Trinidad, Trinidad and Tobago. It lies south of San Fernando, Princes Town, and Debe, and north of Moruga, Morne Diablo and Siparia. It was originally a rice- and cocoa-producing area but is now a rapidly expanding and developing town. The heart of Penal contains many businesses while the outskirts focus on agricultural development.

Penal has a market, police station, branches of three banks (Scotiabank, Republic Bank and First Citizens Bank) health facilities. The foundation for growth in Penal. There are grocery stores, convenience stores, bars, fast food restaurants, service stations, restaurants, puja stores, an Indian expo, and clothing stores.

Penal plays a major role in the energy supply to the nation’s populace. Petrotrin, the national oil company, has a major sub-unit in Clarke Road and the National Gas Company has gas lines running through Penal that links the gas fields of the South East Coast and the industrial estates. One of the countries three major power generating plants owned by Powergen Ltd is located at Syne Village to the west of Penal. David Williams – West Indies Cricketer & Drupatee Ramgoonai- Chutney and Chutney Soca singer are both from Penal Trinidad.

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