About this Property
This is a (4) four-story apartment rental building with a total area of 5,800 sq ft. It has 36 studio units and a spacious 3-bedroom penthouse. The building is fully occupied and has an open rooftop for the tenants to enjoy. It also has a reliable property manager who has been in charge for more than 14 years.
The location is ideal, as it is only a five-minute walk from the Chaguanas police station, the market, the banks, and a lively commercial zone. It is located on a quiet street next to Ramsaran. The rental income is approximately $98,500 TT per month.
There are 6000 gallon water tanks on the property with a back up pump.
Excellent opportunity for the right real estate investor.
About the Region
Chaguanas
The Borough of Chaguanas is the largest borough with an average population of 83,489 and fastest-growing town in Trinidad and Tobago, it is located in the West-Central area of Trinidad. Chaguanas is popular for its shopping malls, variety stores and street shopping. Many citizens as well as tourists visit these sites to partake in the buying of many items offered for sale.
This town is fast paced as many business sectors such as banking, insurance, auto rentals and food are readily available. All sites are easily accessible as transport hubs are located throughout the streets of this beautiful town, not to mention the safety of the police & fire services that are available upon request.
Home to the famous Divali Nagar site, many tourists as well as citizens visit this location to buy merchandise offered from the well-known Indian heritage such as clothing, food, religious items etc.
Fun fact, Chaguanas was named after the indigenous tribe who originally settled there.
