CARMICHAEL ROAD 8-PLEX
Available on request
15 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
Income-generating 8-plex with up to $8,000/month rental potential, located just off Carmichael Road in Southwestern New Providence. This fully tenanted property features 7 two-bed, 1-bath units and 1 efficiency unit on a large 15,600 sq. ft. lot, with approx. 5,000 sq. ft. of building space and room for expansion (subject to approvals). The yard is fully fenced with a front wall and secure gate, and includes a separate storage building and shared laundry facilities. Walking distance to shops, restaurants, banks, medical offices, and public transportation. Secure this income property before it’s gone!
Last confirmed
- Type
- Apartment
- Land
- 15,597 ft²
- Year built
- Available on request
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
The asking price is not what it costs.
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