Caribbean MLSReal Estate

Multi-family Property in St. Thomas, US Virgin Islands

Not published

The brief

The reason to consider it.

Impeccably maintained multi-family property in St. Thomas, Virgin Islands! This rare investment opportunity features a spacious 5-bedroom main home plus 7 well-appointed apartments, all separately metered and with separate cisterns, with off-street secured parking for each unit offering excellent rental income potential. Ideally located near grocery stores, restaurants, and the University of the Virgin Islands, tenants enjoy both convenience and comfort. The property showcases gorgeous views of the harbor, where cruise ships glide in and out, creating a stunning backdrop every day. Perfect for owner-occupancy with income or as a high-demand rental portfolio. A solid, income-generating gem in the heart of paradise!

Last confirmed

Type
House
Land
10,312 ft²
Year built
Available on request

What this listing includes

  • Furnished
  • Kitchen
  • Parking
  • On-site security
  • Ocean view

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