MLS# 97008 Avaliable For Sale

127, JAMAICA BEACH, TOWER ISLE

$480,000USD

Description

This property sits on a generous 0.4237-acre lot (just under half an acre) in an increasingly up-and-coming, affluent section of Riviera Boulevard, Jamaica Beech, Tower Isle. The existing structure comprises four adjoining single-storey apartments—two 2-bedroom units and two 1-bedroom units—currently suitable for rental income. At the rear of the property is an unfinished adjoining structure, offering scope for further improvement or reconfiguration with investment. Additional features include a swimming pool to the rear left and a detached double-storey concrete water tank at the rear right-hand side. The size and layout of the lot present strong redevelopment potential, with established precedent in the immediate area for high-spec, semi-detached townhouse developments, where multiple modern units have been successfully constructed on comparable sites. Alternatively, an investor may retain and upgrade the existing apartments, with further opportunity to complete and enhance unused spaces to increase rental yield. This is a flexible asset in a location seeing steady, higher-end residential transformation, offering both immediate income and long-term upside.

Amenities