Caribbean MLSReal Estate

4-bedroom house in St. Thomas, Virgin Islands (U.S.)

Available on request

The brief

The reason to consider it.

Building totally rebuilt in 2021, all concrete construction, located in historical district and in an Economic Opportunity Zone (Upstreet and Garden Street Enterprise Zone). Multiple income streams, with 4 units. One unit is currently listed with Airbnb. Courtyard with an indoor kitchen in the back could be used for event-based income. A third story can be added on top of the building for additional income generation.

Type
House
Land
2,196 ft²
Year built
Available on request

What this listing includes

  • Garden
  • Terrace
  • Kitchen

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