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Cote DAzure
$ 695000
Property Information
Type: Investment
Location: St Maarten
Bedrooms: 4
Bathrooms: 3
Association Fees: $ 400
Property Taxes: $ 0
Property Size: 3000 sq ft
Lot Size: 0 sq ft
Web ID: 2254

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Property Description:
Located in the gated community of Cote D'Azure Marina, this investment property features three fully furnished apartments with water front views to the Simpson Bay Lagoon.

The property consists of a 2 bedroom apartment on the upper floor, a 1 bedroom plus den in the middle and a studio apartment on the lower level. The lagoon frontage allows the owner to compliment the property with a dock and boat lift providing easy access to both Dutch and French St Martin. It also features 2 single car garages and an additional parking space in the common grounds.

The apartments have enjoyed a long history of stable rentals and are currently on one year leases totaling $4,000 monthly. With a modest down payment, the property pays for itself. Association fees are just $400 annually.
Features:
Lagoon frontage
Private gated community
Fully furnished
Double garage
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