About this Property
Belmont Multi-Family, Investment Property
💲1.8M Negotiable💵📍
This two-storey, multi-family property located in a sought-after neighbourhood just off Belmont Circular Road features two self-contained, 3-bedroom, 1-bathroom units, each with a private entrance.
The property offers the buyer the flexibility to live in one unit while renting out the other or to rent out both for an estimated combined rental income potential of $10,000/month. The first floor is currently tenanted for a rental price of $4,500/Mth.
The building is structurally sound and in good overall condition. However, the exterior requires repainting and some decorative repairs to update its current appearance.
Centrally located with easy access to downtown Port of Spain and transportation, the property is also close to key amenities such as the Port of Spain General Hospital, Queen’s Park Savannah, schools, food spots, community centres, banks, and more.
KEY FEATURES:
- Land Size – 5,203 sq. ft.
- Living Space – 2,410 sq. ft.
- Two Open Concept Kitchen/Living Room Areas
- External Laundry Area
- RENTAL INCOME POTENTIAL
LISTED PRICE – $1.8M Negotiable
About the Region
Belmont
Belmont, in north-east Port of Spain, in the Republic of Trinidad and Tobago, is located at the foot of the Laventille Hills. It was the city's first suburb and in the 1840s–'50s, parts of the area were settled by Africans rescued by the Royal Navy from illegal slaving ships. In the 1880s–'90s, the population swelled rapidly, and the characteristic Belmont street pattern of narrow, winding lanes developed. Belmont originally had many large homes but a lot have been renovated and converted to business use with some remaining in family hands. It was the birthplace and early home of many important Carnival designers and bandleaders and has approximately 9,035 inhabitants.
