34 FLAMINGO AVENUE, New Providence/Paradise Island

This Cottage is comprised of 1 bedroom and 1 bathroom. It is situated at 34 Flamingo Ave. It approximates 700 sq ft in size and sits on a lot that approximates 5, 100 sq ft. It is a part of the middle-income neighborhood of the Greater Chippingham Subdivision. It is leased and occupied by long term tenants and currently generates rental income of $500 monthly which can be increased with upgrades and if not, converted to a single-family home by approved expansion which allows up to two stories. It is near to all modern conveniences. $6, 000 in annual rental income after expenses of 30%, results in $4, 200 net earnings. Overall, the property needs renovations and can be a great fixer upper given that it is priced right.