9-6A Estate Glucksberg, Saint John, VI 00830

This is a multi-unit income property originally purchased in 2013. Live in one unit and rent out the others or live elsewhere and rent all the units. Property offers a very high ROI supported by tax returns. Owner financing available to qualified buyers up to half the purchase price. The main house contains two separate units, a 2 bedroom unit and a 1 bedroom unit, covering 3 floors. Both units accommodate a total of 10 guests. The 2 bedroom unit has a large deck on the front and there are amazing ocean views from the entire 2 bedroom unit. The 1 bedroom unit has more of a tropical/jungle type feel as it is surrounded by palm trees and fruit trees (although it does have a partial ocean view). Each of these units has its own washing machine and dryer, as well as ceiling fans throughout and split AC units. There is a concrete swimming pool on the property with a studio villa unit underneath the decking of the pool. This unit is new, finished around 2019, and has an incredible ocean view. There are ceiling fans in the unit as well as one split AC unit. There is a new whole house Kohler 20KW generator on the property with an automatic transfer switch so anytime electricity goes out, the property is completely uninterrupted. The generator was purchased new in November 2021 and there is a new 500 gallon propane tank to feed the generator. There is a very large concrete cistern that feeds water to the whole property, holding about 12,000 gallons. The driveway is new concrete, replaced around 2018. There is also a new electronic security gate to the property which is very convenient as you can provide separate codes to guests and contractors and you can know who is coming and going on the property at all times. I also have three Jeeps that I rent to guests with a commercial auto policy. The vehicles can be included in the sale of the property. I have permitted plans to build a fourth villa on the property that will contain two 2 bedroom and 2 bath units and two 1 bedroom and 1 bath units covering two stories and having an outdoor rooftop deck that will have a common area outdoor kitchen/living space. The views from all units and the rooftop will be panoramic ocean views. Construction for the new unit is estimated at 600k and will cash flow an additional 300k per year conservatively. The views from the property include ocean views along with views of neighboring islands (St Thomas, Great St James, and Little St James). You will see the twinkling lights of St Thomas at night and you will see the most amazing sunsets from all areas of the property. The property is also very conveniently located in the Gifft Hill neighborhood/Cruz Bay Quarter. It’s about 6 minutes to the dock of St John, 20 minutes to the North Shore beaches (Trunk, Maho, etc), and 20 minutes to Coral Bay. It is also around the corner (just 5 minutes or so) from Myrah Keating Clinic, Paradise Lumber, and the new local restaurant of The Windmill Bar. Hazard insurance, along with hurricane insurance, is quite affordable at around 10k annually. I had extensive damage in 2017 from Hurricanes Irma and Maria and submitted claims to my insurance carrier and had all the damage repaired promptly with no trouble having my claim paid. I'm selling the property as I've been living overseas in Bali (Indonesia) and moving forward with a new chapter of my life. In the meantime, I've been managing the property as short term rentals with a very high occupancy rate and great reviews. I have not used a property manager but I have been outsourcing the work and have a dependable crew. I have technology apps on my phone to manage the entire property from across the world. Please see MLS listing for further information: https://my.flexmls.com/TamelaDonnelly/search/shared_links/8zCFO/listings/20230717155148489828000000 Asking price $1.895m.