GIBBS CORNER MULTIPLEXES East Street New Providence/Paradise Island

20 Bedrooms 13 Bathroom 10,380 Square Feet $499,000
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Listing ID: 64936 Property Type: Apartment Complex Year Built: 1994

Presenting Parcel 1 & 2 Grants Town, a captivating multi-family property set on an expansive lot of 15,700 square feet. This historic gem, comprising twelve charming buildings, was constructed over fifty years ago and offers a unique income opportunity with a diverse range of rental units. Nestled in the heart of Grants Town, this property boasts a prime location with easy access to amenities, schools, parks, and transportation hubs. Its timeless charm, expansive grounds, and income potential make it a rare find in today’s market. Don’t miss your chance to own a piece of history and secure a reliable source of income. Based on the asking price of $499,000 and projected rental income of $8,000 per month, the property would generate approximately $96,000 in annual gross rental income, resulting in an estimated gross return on investment (ROI) of 19.2% per year. At this income level, the investment could potentially recover its purchase price in approximately 5.2 years, before operating expenses and financing costs are taken into account.

GIBBS CORNER MULTIPLEXES East Street New Providence/Paradise Island

GIBBS CORNER MULTIPLEXES East Street New Providence/Paradise Island, East Street, New Providence/Paradise Island, Bahamas

20 Bedrooms · 13 Bathrooms · 10,380 sq ft · $499,000

This property for sale is located at East Street in New Providence/Paradise Island. It was last modified on July 8th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to learn more about Bahamas real estate.


Listing provided by H.G. CHRISTIE LIMITED.