Caribbean MLSReal Estate

3 Bed, 2 Bath House in Whim We, US Virgin Islands

Not published

The brief

The reason to consider it.

This is an investment opportunity. This 2 bedroom, 1 bathroom house with a 1 bedroom, 1 bathroom apartment is a great property for the right investor. The apartment is in its finishing stage of construction. The main house needs to be completed. You can live in the apartment while completing the construction on the main house or rent is out while finishing the main house.

Restrictions: Of Record
Zoning: R-2

Last confirmed

Year built
1969
Type
House
Land
10,699 ft²

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

Read what people say, based on 14 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law