9-Unit Income Property in Frenchmans Bay
Not published
40 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
Investment opportunity: 9-unit income property with currently 8 units rented and 1 unit vacant. The property consists of 4x-1BR, 4x-2BR, and 1x-Studio units, most on month-to-month terms, allowing flexibility. All units include AC and appliances, and most are furnished. There is a coin-operated laundry facility on-site.
Utilities are separately (sub)metered for all units except the studio, and WAPA water is provided. The property features solar power with 86 panels and batteries, providing backup energy. Off-street parking is available.
This is a grandfathered multi-unit property offering strong value-add and cash-flow potential in a high-demand rental market. It also has great potential as a short-term rental property (Airbnb, etc.).
The location is excellent, just a 1-minute drive to Havensight. Property sold as-is.
Last confirmed
- Year built
- 1962
- Type
- Apartment
- Land
- 18,299 ft²
- Use
- Mixed use
- Lettable area
- 5,823 ft²
- Occupancy
- 89%
- Tenants
- 9
- Zoning
- R-1
What this listing includes
- Air conditioning
- Furnished
- Laundry
- Solar power
- Parking
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.
