About this Property
- Five apartments
- 5000 sqft
- One and Two bedroom units
- Great monthly income
This great investment property located in El Socorro off of Boundary road is ideal for the savvy investor looking for a secure income. This newly painted structure does not need much work to bring it to a modern, tenantable standard and the larger top level large home can be converted into many smaller apartment.
All paperwork is in order and a recent valuation has priced the building at 6.5M.
Very motivated seller.
About the Region
El Socorro is considered as a residential area. Along the El Socorro Main Road, you can find many small businesses such as wholesale or retail, its many Chinese cuisines and gas service stations. It is well known for the El Socorro Mosque which is heavily attended on days of prayer & provides charity for the poor. All of its roads are connected to its environs such as Barataria, San Juan or Aranquez which makes it easily accessible to other business services that maybe required. This district is separated into two areas, North & South. The Southern side has grown tremendously and focuses more on the commercial activity such as Manufacturing of Paints, Beverage, Clothing, Marine and has many warehousing facilities for FMCG operations. Residents who live amongst these sectors have grown accustomed to this life style and have begun benefiting from it as many small businesses have been developed (Parlors, bars, groceries food outlets) to provide sustenance for employees. It is protected by the El Socorro barracks. Commuting is easily available and on both the Northern and Southern side of El Socorro.
San Juan (pronounced, in the local English dialect, "sah-wah") is a town in Trinidad and Tobago. Located in San Juan–Laventille region in Saint George County, it lies within the East-West Corridor Metropolitan Area, between Barataria and Saint Joseph. The local nightlife includes many pubs and bars along the main streets of San Juan. The nightlife facilities are available daily until approximately midnight, on Fridays and Saturdays nightlife goes until 5am. Aranguez is home to one of the country's most popular savannahs, Aranguez Savannah. Aranguez Savannah hosts major celebrations and events including Holi, Diwali, Eid al-Fitr, Hosay, Carnival, cricket games, and The Samaan Tree Rock Festival among many other live concerts. San Juan is well known for its busy day life as many working class people use this town as an in transit junction. It serves as a main supply for environs as it facilitates business ventures such as markets, groceries, wholesale and other retail shops.