Caribbean MLSReal Estate

42 Richmond Co

Not published

The brief

The reason to consider it.

Take the leap into homeownership with this smart and versatile property—perfect for first-time buyers looking to build equity while generating income or investors seeking a strong rental opportunity. This unique property located on a 0.11-acre lot features a 900 sq. ft. main home with 2 bedrooms and 1 bathroom, plus a detached 400 sq. ft. studio apartment that offers excellent potential for rental income, guest accommodations, or a private home office. Live in one and rent the studio or vice versa! Conveniently located within walking distance to Christiansted town, beaches, shopping, and restaurants.

Last confirmed

Year built
1929
Type
House
Land
4,790 ft²

What this listing includes

  • Kitchen
  • Parking
  • Storage

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