19 WALLACE ROAD, New Providence/Paradise Island

This Duplex is situated at 19 Wallace Road. The lot approximates 5, 100 sq ft in size. It is a part of the middle-income neighborhood of the Greater Chippingham Subdivision. The property is represented by: 2 2 bedroom 1 bathroom units with a living / Dining Room. There is an unfinished Efficiency that can be completed to generate additional rental income. The 2 finished units are fully leased with reliable tenants. Each unit rents at $800 monthly. Annual rental income is $19, 200. Expenses approximate 40% thereof to generate potential net income of $11, 520 The building can be expanded to two (2) stories to add another 2 units, which plus the efficiency will represent a total of 5 units to minimally generate $4, 000 in monthly rental income.