George Town 45 apartments

KYD 8,525,000

George Town

About this property

Discover an unparalleled opportunity in George Town, Grand Cayman—an extraordinary, fully tenanted apartment complex that generates immediate, tax-free rental income from day one. Whether you're a seasoned investor or looking for housing solutions for staff, this 45-apartment property combines prime location, stability, and effortless management. Nestled in the vibrant heart of George Town, the complex features a direct pedestrian walkway linking Wren Road to Bernard Road, granting tenants exceptional convenience. With just a four-minute commute to Owen Roberts International Airport, this property consistently attracts professionals, locals, and transient renters alike, ensuring steady demand. Comprising five well-designed buildings, this investment offers a diversified rental portfolio that supports reliable cash flow. With 45 apartments of varying sizes and layouts, occupancy rates remain robust and tenant turnover is remarkably low. Additional amenities include a shared parking along with coin-operated laundry facilities, enhancing passive income opportunities. This property currently generates a monthly income of CI$60,000 (USD$73,170), with significant potential to bring rents in line with market trends, projected to reach CI$86,600 ($105,609 USD). In a landscape where opportunities are few and returns are vital, this property emerges as a high-performing, self-sustaining asset in the island’s most advantageous location. Investors seeking reliability, growth potential, and long-term value will immediately appreciate the strength of this exceptional offering.