Investment Opportunity: 5-Unit Residential Compound at 8 Morecambe Avenue, St. Andrew
- J$ 89,500,000
Investment Opportunity: 5-Unit Residential Compound at 8 Morecambe Avenue, St. Andrew
- J$ 89,500,000
Overview
- House
- 8
- 5
Description
Unique Multi-Unit Residential Compound with Flexible Income Potential
This distinctive residential compound, situated just off Constant Spring Road at 8 Morecambe Avenue, St. Andrew, Jamaica, presents a strong investment opportunity with multiple options for income generation. The property is being sold en bloc and comprises five separate units: three 2-bedroom, 1-bathroom cottages, each with a private backyard and front porch, and a two-story building containing two 1-bedroom apartments located close to the cottages. The cottages can accommodate two residents each, making the layout well suited for an independent living or small nursing facility, while the 1-bedroom apartments provide convenient on-site housing for management or staff.
All units have received cosmetic upgrades and are in move-in condition, requiring minimal additional work. The compound offers considerable potential for steady long-term rental returns, with flexible use as an independent living facility, long-term rental property, or for resale following subdivision. There are no restrictive covenants on the title, which allows for the possibility of subdividing the land and selling units individually to potentially increase overall return on investment.
Property details include a total of 8 bedrooms and 5 bathrooms across the five units, mixed flooring, finished concrete siding, water service from NWC, and open parking. The lot size is approximately 0.25 acres. The combination of ready condition, adaptable unit mix, and title flexibility makes this multi-unit property a practical and adaptable option for investors seeking multiple paths to maximize income potential.
Address
Open on Google Maps- Address: 8 Morecambe Avenue
- State/county: St. Andrew
- Zip/Postal Code: 00000
- Area: Kingston 8
- Country: Jamaica
Details
Updated on June 11, 2026 at 5:09 am- Property ID 101111
- Price J$ 89,500,000
- Land Area 0.25 Acres
- Bedrooms 8
- Bathrooms 5
- Property Type House
- Property Status For Sale
- Agency The Agency Jamaica
Additional details
- Lot/Acres 0.25
- Sq Ft 0
- Flooring Mixed
- Type Property
- Siding Finished Concrete
- Water/Sewer NWC
- Parking Open
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