16,000 sqft

$1,200,000

OUT EAST 11-UNIT APARTMENT COMPLEX, New Providence/Paradise Island

Price per sqft$75.00

Built in2000

Property size16,000 sqft

Property typeCommercial

Overview

Active

Listed Nov 19, 2025

Updated Mar 24

Kool Acres apartment complex is a prime investment property bringing in $11,800.00 per month which is about $142,000 per year. This multi-family, well maintained apartment complex has a strong rental income combined with desirable amenities. Situated in a secure, gated community, this property is fully rented. There are eight (8) units bringing in $1,200 per month, two efficiencies each bringing in $800.00 per month and one studio apartment bringing in $600 per month. This gated property sits on a 35,000 square foot lot with approximately 10,000 square feet of living space. You can have approved plans and blueprints for only $1,500 and build an additional fourplex (4) which when rented brings in about $5,000 per month or $60,000 per year. The building is immaculate, beautiful, well maintained and exclusive, ensuring a great living environment and a safe atmosphere for tenants behind the security gates. This complex contains a laundry washing facility, a very large parking lot and a playground for children. Call us today and schedule an appointment.

Other Property Details

Association Fee Frequency: Monthly

Listed by with

The IDX display contains information sourced from the Bahamas Real Estate Association as of 3/24/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 3/24/2026 at 10:16 PM UTC