About this Property
Located in Maracas St Joseph approx 3 min from Caribbean Union College (CUC), this 7 apartment building offers an ideal investment opportunity.
The compound consists of 7 (1 bedroom) self contained apartments, with bathroom and kitchenette, each unit is comfortably designed and is ideally suited for single professional or student. The average rental of each unit is $2500.00.
The building also has potential for additional 4 apartments, with minor modifications and upgrades.
This property is being sold by mortgagee and is supported by valuation done in 2020
About the Region
Maracas Valley
Maracas Valley is a valley located in North-East Trinidad. It is separated by two mountains between Maracas–Saint Joseph and Maracas Beach.
The valley is home to the nation's tallest waterfall, Maracas Falls, which towers over the valley with a height of 91.5 meters (300 ft) and is the source of the Maracas River. This river provides water for the surrounding communities.
Maracas Valley is also the location of the main campus for the University of the Southern Caribbean. Trinidad's second highest mountain peak, El Tucuche, towers over the lush valley and bounds it to the north.
Due to this geographic location, the valley is usually cool
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St. Joseph
St. Joseph was founded in 1592 by Antonio de Berrio and is the oldest town in Trinidad and Tobago. Originally named San José de Oruña, it served as the capital of Spanish Trinidad between 1592 and 1783. In 1595 the place was attacked and held by Sir Walter Raleigh and was used as a base for his exploration of the Orinoco river in search of the fabled city of El Dorado. Soon after his return the place was burnt and sacked.
St. Joseph is not an incorporated municipality. It falls within the boundaries of the Tunapuna–Piarco region.
Today it is the home of several different schools, including St. Joseph's Convent, St. Joseph, St. Joseph Boys Roman Catholic School, St. Joseph Girls Roman Catholic School, St. Joseph Government School, St. Joseph College, T.M.L Primary School, St Joseph and St. Xavier's Preparatory School.
