24 Unit Mixed Use Income Property
Not published
23 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
TURNKEY DOWNTOWN INCOME PROPERTY - 24 UNITS PLUS TWO COMMERCIAL TENANTS
Newly renovated, this mixed-use building sits two blocks from historic Market Square and the waterfront. The upper two floors offer 24 residential studio units with en suite bath, plus a dedicated office space for management. The ground floor is already producing: a long-operating laundromat leased at $1,800 per month and a convenience store at $2,000 per month.
Located within the Historic District and situated in both the Enterprise Zone and a federal Opportunity Zone, offering meaningful tax advantages to qualified investors. Sale includes a lease on the adjacent lot, which can be used for tenant parking - a rare amenity downtown.
Imagine the possibilities!
- Type
- Commercial
- Use
- Mixed use
- Lettable area
- 9,203 ft²
- Occupancy
- 100%
- Tenants
- 2
- Zoning
- B-3
- Land
- Available on request
- Year built
- Available on request
What this listing includes
- Parking
- Air conditioning
- Furnished
- Kitchen
- Laundry
What people say about US Virgin Islands
Sources agree that the US Virgin Islands is simple to enter for Americans, since it is US territory, but costly to run once there.
- Concern WAPA electricity is expensive and outages are routine; backup power is treated as standard
- Concern Insurance is a hard market: higher premiums, large percentage windstorm deductibles, trouble for wood-frame homes; flood is separate
- Mixed Closings are attorney-led, take longer than on the mainland, and need a USVI-licensed lender; surveys matter on irregular hillside lots
- Mixed Condo costs are driven by windstorm insurance; check reserves and master policy before buying
The asking price is not what it costs.
More listings on the same island. Availability is confirmed when you enquire.
