$1,850,000

Smith’s Fancy first time on market since 1948!

Multi Unit 25 Bedroom 23 Bathroom 14 ft2

This is a perfect opportunity for an office/staff complex or develop a boutique hotel.

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MLS #19-861
List Price – $1,850,000
Location – Downtown Charlotte Amalie
Nearest Beach- Lindberg Bay Beach

F

irst time on the market for this historic iconic property. Smith’s Fancy , from 1948-1962 was one of the first guest houses on St. Thomas. Since 1962 is has continually operated as the only long-term multi-unit apartment complex in Charlotte Amalie. There are 20 apartments in 6 buildings on 3 parcels of land.. Large trees including Mahogany and mango and palms dot the property giving it a country feel while the harbor views are legendary. See supplement and documents for more info

Smith’s Fancy is typically a 97% occupancy rate due in large part that it is very conveniently located and a few minutes walk to town so tenants don’t need vehicles. Just walk through the property to the lower gate and you are on Crystal Gade, right next door to the synagogue and then down to Main Street.
This is a perfect purchase for a company that needs to house staff or have an office/staff complex.

3 PARCELS OF LAND TOTAL 0.60 acres +/-

Tax ID for 14 Crystal Gade 1-05302-4016-00
Assessed $357,700 Taxes and sewer $3,761.72

Tax ID for 15 Crystal Gade 1-05302-4017-00
Assessed $272,700 Taxes and sewer $2,049.67

Tax ID for 15 Murphy Gade 1-05302-4011-00
Assessed $481,100 Taxes and sewer $4,196.01

TOTAL ASSESSED VALUE $1,111,500

Smith’s Fancy is located in a federal OPPORTUNITY ZONE. See documents for full information.

14, 15 Crystal Gade

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