Caribbean MLSReal Estate

4 bedroom Apartment for sale — 42 BELLOT ROAD in Nassau / New Providence, The Bahamas

Available on request

The brief

The reason to consider it.

High-Yield Multi-Family Investment – Bellot Road This is a rare value-add investment opportunity offering strong upside potential on an expansive 25,200 sq. ft. lot in a prime Bellot Road location. The existing structure features approximately 3,700 sq. ft. across two floors, currently configured as a 4-bedroom, 2-bathroom residence, with a large terrace/deck, four parking spaces, and a fully enclosed yard—ideal for future tenant appeal. What truly sets this property apart is the approved expansion potential: Plans are already in place for four (4) two-bedroom apartment units, with construction completed up to foundation level, significantly reducing development time and upfront costs.

💰 Investment Highlights

  • 25,200 sq. ft. lot – ample space for expansion and added value
  • Value-add opportunity – renovate and complete for maximum returns
  • Multi-income potential – main house + 4 additional rental units
  • Strong rental demand area
  • Reduced construction timeline (foundation already completed)
  • Ideal for long-term rental or mixed-use strategy.

Last confirmed

Type
Apartment
Land
25,188 ft²
Year built
Available on request

What this listing includes

  • Terrace
  • Parking
  • Kitchen
  • Air conditioning

What people say about Bahamas

Sources agree that foreigners can own Bahamian property outright and that an ordinary home purchase needs a registration filing through a Bahamian lawyer, not a discretionary permit.

  • Positive Foreign buyers mostly register rather than seek a permit; permit applies to large or commercial land
  • Mixed Closing costs are dominated by a 10% transfer VAT for foreign buyers, usually split with the seller, plus legal fees
  • Mixed Annual property tax is being reshaped in 2026 (new foreign owner-occupied category), and Bahamian realtors dispute fairness
  • Concern Vacant land owned by foreigners carries a notably heavier tax until built on

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