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Tamarind Apartment 22

Ref:   #247
USD $75,500
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379 sq ft Rooms :   Beds : 1    Baths :1
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  • click on image to enlarge Tamarind Apartment 22
  • click on image to enlarge Tamarind Apartment 22
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Property Details:

About this Property:

The Tamarind Hotel is located in the Point Blanche area and has been a mixed use complex since it’s inception, used as both a traditional hotel as well as a long term residential complex. Units at Tamarind include Studios and One bedroom units. Most are owned by individual owners as a condominium and are deeded. In addition to some owners choosing to occupy their unit as they wish, owners have the ability to have their unit managed by The Tamarind Hotel on either a short or long term basis. Short term generally means a guest is paying a daily rate and is using the unit as a hotel room for a few days or even a few weeks. Long term generally means a guest is paying a monthly rate and is living there.

Tamarind Hotel has an on-site management and rental office. Owners also have the right to manage their own unit or have it managed by an outside entity any way they see fit. Since this is a mixed use property, you will see both vacationers from the USA, Canada, Europe and surrounding Caribbean islands as well as business people staying for just a few nights, and long term residents who are living and working on Sint Maarten.

The Tamarind Hotel has a nice swimming pool and gazebo, surrounded by well maintained tropical gardens, common coin-op laundry and is located in a quiet area of Point Blanche but very close to Philipsburg, making it very convenient to all services, shopping, restaurants, etc. Staying at Tamarind is a pleasant experience.

The property for sale is a second floor Studio (hotel room size) unit with one bathroom. Size is approx 300 sq. ft. The unit has a brand new kitchenette with a small fridge, sink, microwave and single burner hot plate. Included are a Queen size bed, closet, wall mounted TV, ceiling fan, new split system A/C unit and new sliding glass doors which lead out to a covered balcony. Cable TV and internet ready.

The unit will support a long term rent of about $800 to $850 per month. Short term rentals would be about $100 per night. The HOA cost is approx. $250 per month and includes maint. of the pool, pool deck, gazeebo, gardens and walkways, common lighting, Management Office and night time security.

This property has a great potential for a high return on investment of at least 10% or higher. This is an inexpensive way to own a small part of Sint Maarten and a new buyer can either use the property as a get away property to use any time they want, or rent it to maximize ROI.

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