$1,295,000

Garden of the Silver Palm Apartment Property

House 7 Bedroom 6 Bathroom 6500 ft2

Multi-apartment property & pool located in historic Charlotte Amalie offering iconic, spectacular town and harbor views!

MLS# –  21-1644
List Price – $1,295,000
Location –Downtown
Pool – yes, on property 12′ X 18′
Nearest Beach-Magen’s Bay Beach

CLICK HERE FOR SLIDE SHOW AND LISTING DETAIL

A remarkable property on Commandant Gade (Bunker Hill) with legacy views of historic Charlotte Amalie and Harbor. Extensive renovations from 2017 to present the property has a total of 5 apartments with $6600/month rent roll for 4 apartments plus 2 bedroom owner’s apartment (rent value $2500/mo), and a lovely garden area with a pool. Currently 4 apartments are rented long term they could also be 4 vacation rentals with a two bedroom, two bath owner apartment or rent all 5. Walk to everything in town, restaurants, shopping, grocery. See below for breakdown of 5 apartments.

APARTMENTS IN GARDEN OF THE SILVER PALM

TOTAL GROSS RENTS FOR 4 units Units 2-5 $6,600/month
Notes: Water and propane are supplied to each apartment at no cost. Seller paid about $300-400 to WAPA for potable water in over 20 years and most of that is for pressure washing etc.

$40.00 is credited to 3 apartment’s seperate meters, each month. The Keep, is on the meter that is for owner’s apartment. The rent for The Keep reflects that all utilities are included.

#1, The Quarters (owner occupied) 2/2; RENT VALUE $2500/mo.

#2, Little Gate (top level, street entrance); 1/1 with sleeping porch; $1700/mo

#3, The Veranda (mid level, rear); 1/1 with 8’X25′ (+/-) south facing windows w/ screens porch; $1500/mo

#4, The Bluestone; 2/1 (mid level, south step entrance); $2200/mo.

#5, The Keep; 1/1 (lowest level, near tenant laundry) $1200/mo

POOL is 12′ X 18′ with a water depth of 2′ to 5′
Low power and low maintenance with salt water pump system

There are two cisterns, 12,000 gals and 2,500 gals which are constantly full as roof size is so large. There is a hookup to city water too to supply property with high gravity pressure or you can fill cisterns.

Gray water supplies the gardens

There is a private enclosed shower in the side garden, perfect for after beach rinse offs!

The owners apartment has its own washer and dryer
There is a separate washer/dryer common area for use by the tenants

NOTE: All measurements and information provided by seller. Please check independently.

 

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