Investment Opportunity: Evolving Multi-Family Property

This remarkable investment property has undergone a significant transformation, evolving from a charming single-family home into a lucrative multi-family residence. Nestled in the desirable location of 510 Saturn Drive in Jamaica, within the parish of St. Catherine, this property presents a unique opportunity for both seasoned investors and those looking to enter the real estate market.

The main house features a well-designed layout with 2 spacious bedrooms, 2 full bathrooms, and an additional powder room, making it ideal for family living or rental purposes. Complementing the original structure are two adjoining townhouses located at the rear, each boasting 2 bedrooms and 2 bathrooms, along with their own powder rooms. This thoughtful design maximizes rental potential while ensuring privacy for each unit.

With a total of 6 bedrooms and 9 bathrooms across the entire property, this residence offers ample space for tenants or extended family. The total square footage of 2,500 provides a comfortable living environment, while the ceramic tile flooring adds a touch of elegance and durability throughout.

Parking is a breeze with an open area at the front of the property that comfortably accommodates 4 vehicles, and with a bit of maneuvering, it can fit up to 5 mid-sized or smaller cars. This convenience is a significant advantage for tenants, enhancing the property’s appeal.

Currently, the property generates a steady monthly income of JMD 160,000 from two rented units, showcasing its potential as a reliable investment. The lot spans approximately 0.0735 acres, providing a manageable size for maintenance while still offering enough space for outdoor activities.

In summary, this multi-family property not only offers a solid income stream but also the opportunity for future growth in a sought-after location. With its combination of modern amenities and strategic layout, it stands out as a prime investment in the thriving real estate market of Jamaica.