Basics
- Date added: Added 4 months ago
- Category: For sale
- Type: Apartment Building
- Status: Available
- Bedrooms: 12
- Bathrooms: 7
- Floors: 2
- Lot size: 5300 sq ft
Description
-
Description:
TNT Homes For Sale offers this Barataria apartment building for sale located on Tenth Street, Barataria. Location is the key to getting lasting tenants and this property checks that box.
Barataria Apartment Building For Sale - Investment Property
Area: Barataria | San Juan
Bedrooms: 12
Bathrooms: 7
Parking: 6
Size: 5,300 sq ft
Price: TTD: 3,050,000.00 (neg)
Income: $21,000.00
Contact: (868)- 283 1172
Status: Available
Located at #27 Tenth Street, Barataria between second and third avenue this is a great investment opportunity. It must be noted the owner is motivated to sell and good offers will be considered.
The property has two buildings on compound. There is a two story apartment building to the front and a flat to the back.
Two Story Building
The two story building is only 10 years. There are 4 large two bedrooms apartment with tenants from completion to date. Two (2) bedroom apartments upstairs and (2) downstairs.
Flat House
To the back there is a (4) bedroom and (3) bathroom house. This can be a family home or another rental. Present it is tenanted at $7,000.00 per month
About Barataria
Barataria is well known as a residential area. Many businesses have begun settling amongst the residence as there has been an increase in economic growth.
Primary and Secondary Schools are located in Barataria. St Georges College is well known for its successes over the years.
Banking, administration services, retail and wholesale trade or popular food outlets such as KFC, Subway are some examples of business types. Due to economic growth, many prior land owners have begun or completed developing their spaces into rental buildings.
Barataria is home to the well-known soca artist, Cassie, who sang the catchy tune named “Town Ting”. There are recreational parks available for cricket, football & other physical activities. A hot spot is the Skating ring which offers roller skating, indoor basketball, cricket and football activities.
The area is well protected by the Barataria police service & San Juan fire station. A Health facility is also available for medical assistance when required. It offers ease for commuting to any part of Trinidad as transport from the Bus route, Main Road or Taxi are readily available.
Why Invest in Real Estate In Trinidad and Tobago
Investing in real estate can offer numerous benefits, including:
- Regular Income: Rental properties can provide a steady stream of rental income, which can serve as a passive source of cash flow. This can be especially valuable for investors seeking regular income in addition to potential appreciation.
- Hedge Against Inflation: Real estate has historically been a good hedge against inflation. As the cost of living increases, so do rents and property values, providing a natural inflation hedge for real estate investors.
- Demand Stability: There will always be a demand for housing, which provides a level of stability to real estate investments. People will always need a place to live, which can mitigate some of the risks associated with other types of investments.
- Long-Term Wealth Building: Real estate has been a proven vehicle for building long-term wealth. By holding onto properties and allowing them to appreciate over time, investors can build significant wealth for themselves and their families.
- Portfolio Diversification: Real estate can diversify an investment portfolio, reducing overall risk. Real estate often behaves differently from stocks and bonds, meaning it can provide a hedge against market volatility.
- Tax Benefits: Real estate investors can benefit from various tax advantages, including deductions for mortgage interest, property taxes, depreciation, and more. These tax benefits can help increase overall returns.
It's important to note that real estate investing also comes with risks, including market fluctuations, property vacancies, maintenance costs, and financing risks. It's essential to conduct thorough research, due diligence, and possibly consult with financial advisors before making any investment decisions.
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