House in Phillipsburg, St. Maarten[SX]

300014861033 - Beach Front Investment Property - Opportunity Knocks !This beachfront fee simple deeded land right on the beach in Great Bay is a perfect investment opportunity.A commercial space on front street and 8 One bedroom apartments to generate solid ROI. This 2 storey building with the possibility to add a 3rd level.A recent appraisal is on file as well as a engineering report and a repair quote to bring the building back to a high value. This is a high return investment property.The property is currently available for a quick sale price of $1.1 million. The engineering repair costs are quoted at $272,000. At a total cost of 1.37 million the property will give a 10% ROI. If a 3rd floor is added, more income will be generated, as well as the possibility to purchase more beach front, to build a restaurant and bar if desired.Many options exist for the property! This kind of opportunity doesn't come by often so don't pass this up, call or email to discuss!