$1,300,000

MLS Status:

Active

MLS #

26-942
Beds: 14
Baths: 12
Type: Commercial Sale
Square Feet: 0

ABOUT THIS PROPERTY

Turnkey Investment Opportunity | 12-Unit Apartment Building | 100% Occupied | 8% Cap Rate

Located four blocks from the Waterfront in historic Charlotte Amalie and walking distance to Main Street and its many shops and restaurants.

Major Tax Advantages for Investors – This property sits in both a Federal Opportunity Zone (with potential for capital gains tax deferrals) and a USVI Enterprise Zone, offering qualifying investors up to a 90% reduction in income tax and a 100% property tax exemption. Foreign investors may also benefit from no income or property tax obligations. Please confirm all tax benefits with your tax advisor. The original portion of the building is believed to date to the 1700s, featuring masonry rock walls up to 18 inches thick. Historic Garden Street, once home to the wealthy elite, is now home to restaurants, short-term rentals, boutique hotels, and the top-rated All Saints Cathedral School.

Strong local housing demand keeps units consistently occupied, and with short-term rental demand surging across St. Thomas, this property also presents a compelling conversion opportunity. Sale includes the established LLC (Garden Street Lofts) with existing banking infrastructure already in place for rent collection.

Reach out for more detailed information.

PROPERTY FEATURES

LOCATION INFORMATION


Island: St. Thomas
Beds: 14
Baths: 12
Latitude: 18.343764
Longitude: -64.931205
Directions:

Next to Family Dental Services in town.

INTERIOR FEATURES


Furnished: No
Security Features: []
Water Source: []
Amenities: ["Historic Bldg"]

EXTERIOR FEATURES


View: ["St Thomas"]
Roof: []

ADDITIONAL INFORMATION


Zoning: B-3
Construction Materials: ["Masonry"]

LISTING AGENT

Christine
Belmonte
List Office Name: Real Solutions Real Estate

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    This Commercial Sale property is located in Commandant Gade QU and has been listed on Blue Sky Real Estate. This property consists of  acres and has a listing price of $1,300,000. The property has 14 bedrooms and 12 bathrooms.

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