Investment Opportunity in Hanover, Jamaica

This remarkable property presents a fantastic investment opportunity, ideally situated in the desirable Poincianna Hills Estate of Hanover, Jamaica. Spanning a generous 0.61 acres, this multifaceted building comprises a total of 9 bedrooms and 5 bathrooms, making it a versatile option for various rental strategies.

On the ground floor, you will find two well-appointed 2-bedroom, 1-bathroom apartments, each featuring an inviting open floor plan that seamlessly integrates the kitchen, living, and dining areas. This design not only maximizes space but also promotes a warm and welcoming atmosphere for residents.

Ascending to the first floor, there is an additional 2-bedroom, 1-bathroom apartment that continues the theme of open living, alongside a spacious 3-bedroom, 2-bathroom apartment. The latter boasts an enclosed kitchen, a separate living room, a dining area, and ample extra storage spaces, catering to the needs of larger families or groups.

The top floor has been envisioned for multiple apartments, along with a garage that would provide convenient access via a secondary entrance directly off the main road. This thoughtful layout enhances the property’s potential for generating income.

Moreover, the unfinished basement has been designed with the intention of becoming a cozy 1-bedroom apartment, further increasing the rental possibilities. With the recent opening of the Princess Hotel and the anticipated expansion of the Grand Palladium Hotel nearby, there is a growing demand for rental units in the area. This property is perfectly positioned to capitalize on that need, whether through long-term rentals or short-term stays such as Airbnb.

Additional features of this property include a total square footage of 10,000, finished concrete siding, and ceramic tile flooring, ensuring durability and ease of maintenance. The property is serviced by the National Water Commission (NWC) for water and sewer needs, and offers open parking for residents and guests alike.

With its prime location and multiple income-generating possibilities, this property is a rare find in the Hanover area. Don’t miss the chance to explore the potential that awaits at Lot 64 Poincianna Hills Estate.