Dream investment for the right person. Two townhouses in the best location on the island of Sint Maarten.
These are freestanding properties on DEEDED LAND. Not condos or timeshare or developments. You own the ground they stand on and pay no fees, dues taxes or anything else.
They started out life as 3b3b each but were converted to 2b2b and 1b1b each so 4 separate rental spaces.
The net income from vacation rentals ( 90 days a year give or take ) is about 54,000 USD per year. Long term rentals would be about 70,000 per year.
What i did 20 years ago was live in one and rent the other 3 and did just fine. All units are recently refurb with new appliances , aircos, furniture etc and are turnkey operations.
Will put some pics here but the place to look for details is on VRBO where the rentals are managed. The listing numbers are 911242 , 911714,1345660 , and 1325497 . the townhouse ( two units each ) are available separately for 375 k each or 700k for the pair.
A VERY nearby offer MIGHT be considered but for the sake of this discussion you can assume that those prices are firm. Owner financing on the pair is possible at 50 % down balance over 5 years at 7 % . No financing on a single purchase.
There are a lot of very good reasons to do this. Contact me directly for details . No crazy property swaps or tire kickers please.