BLUE SKIES APARTMENT

Blue Skies Apartment is a great investment property with an established short-term rental portfolio, that is in close proximity to the bustling Rodney Bay area. On Trip Advisor it has numerous review and has a 5-star rating. A rich and luxuriant garden draws you in through the front yard which takes you to the 28 ft swimming pool and spa tub, with the house as the backdrop. The house sits almost in the middle of the entire property, and has a beautifully manicured garden to the back where one can host many events, create a garden or simply enjoy. On the ground floor is two apartments – a 1 bedroom, 1 bathroom and a 2 bedroom 2 bathroom apartment. Each have their own private patio access with garden space, are fully furnished and equipped, and generous size living space. They both have been rented out on a short-term basis for the past 13 years. The 1 bedroom rents at US $90/125 p/n, and the 2 bedroom rents at US $125/150 p/n. The entire first floor is a 3 bedroom, 2 bathroom apartment with an open plan living and dining area. It features 2 grand patios, one of which has access from both the living room and a bedroom. The 3 bedroom rents at US $175/199 p/n. Annual occupancy rates ranged between 32% and 67% over the 12 year period with revenues between US$36,000 (EC$97k) and US$62,000 (EC$167k) with 1 and 2 bedroom apartments. It increased up to US$96,000 (EC$260K) when the 3 bedroom was added to the short-term rental portfolio.