RARE 12 UNIT INVESTMENT
Available on request
16 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The brief
The reason to consider it.
An exceptional value-add opportunity in a stable, walkable neighborhood. This well-maintained, older building comprises 12 apartment homes: 6 one-bedrooms and 6 two-bedrooms, offering a predictable income stream with room for optimization. The property is ideal for investors seeking a solid addition to their portfolio.
- Type
- Commercial
- Use
- Mixed use
- Lettable area
- 14,779 ft²
- Land
- Available on request
- Year built
- Available on request
What people say about Turks and Caicos
Sources agree that Turks and Caicos has no annual property tax and no capital gains tax, and that foreigners can buy without restriction.
- Positive No annual property tax; one-time stamp duty is the main purchase cost (about 6.5-10% on Providenciales, lower on other islands; agent fee normally paid by seller)
- Mixed Foreigners may buy freely, but a property purchase does not automatically give residency; government PRC investment route lists $300,000 (Grand Turk, Salt Cay, South Caicos, Middle Caicos, North Caicos) or $1,000,000 elsewhere for a home, and secondary sources disagree on thresholds
- Concern Prices have risen sharply (median 2-bed about $995,000 in July 2025; average up 75% since 2020) while local salaries have lagged
- Concern Planning enforcement, zoning consistency and survey/title details are weak points; independent due diligence advised
Cost of entry
The asking price is not what it costs.
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