$649,000
St. Croix,
MLS# 23-877
Status: Closed
5 beds | 4 baths | 5400 sqft
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Property Description
THE SKYBOX OF THE CARIBBEAN! This multi-unit villa offers some of the most breathtaking views that this island has to offer - the best seat in the Caribbean! High in the hills of Cotton Valley on the east end you'll get to experience sunrises to sunsets with views spanning from Buck Island to the north-west point of Judith's Fancy. This fully solar with net-metering two-unit villa includes a three bedroom, two bathroom upper level with a loft and an 800 sq. ft. covered sea-facing veranda and a two bedroom, two bathroom lower-level unit with an equally impressive gallery with the Skybox views of the Caribbean. Almost 9-10% cap rate possibility-Lower level long term rent is $2750, upstairs was quoted by a rental specialist for $4500, plus $625 total for utility agreement.
Details
Maps
Documents
LocationArea
Estate: Cotton Valley EB
Postal Code: 00820
Geo Lat: 17.749208
Geo Lon: -64.633764
Directions: Going east on the East End Road, turn right at Seven Flaggs Road. Follow the road up and around past the Sugar Mill. Bear left at the purple pole, then follow the road to the ''Y''. Bear right at the ''Y'' then follow the road all the way up to the end of the cul-de-sac. Blue house on the left. See directional GeoMap in documents.
Contract Information
Sold Price: $649,000
Current Price: $649,000
Begin Date: 2023-05-19
General Property Description
Realtor.COM Type: Multi-Family
Lot Acres: 0.75
Approx Total Main House: 3143
Approx Total Property SqFt: 5400
SqFt - GLA Main House: 5400
Total Bedrooms: 5
Number of Bedrooms - Main House: 3
Number of Bedrooms - Accessory building: 2
Total Bathrooms: 4
Sub Type: 2 - 4 Multi Units
Taxes: 1449
Tax Year: 2021
Year Built: 1994
Furnished: Yes
Water Front: No
Pool: No
Zoning: R-1
Stamp Tax: Negotiable
Status Change Info
Status: Closed
Under Contract Date: 2023-08-18
Sold Date: 2023-09-18
Sold Price: $649,000
Intended Use: Primary
Miscellaneous
PWD#: 1383
Construction
Other: Post and Beam
Exterior
Color: Blue
Gallery: Two - upper & lower
Impact Glass: Yes
Storm Shutters: Panels
Cistern
Approx. Cistern Size: 15000
Appliance
Air Conditioning: Split
Dishwasher: 2
Dryer: 2
Fans: Yes
Range: 2
Refrigerator: Yes
Washer: 2
Main House
# Bedrooms: 3
Bath Info: 2
Approx Interior SqFt - Main House: 2343
Approx Exterior SqFt - Main House: 800
Unit 2 Info
Bath Info: 2
Property Features
View: Buck Island; Down Island; Ocean; Sea
Amenities: Alternative Energy; Deck; Gallery; Gas Grill; Solar
Flooring: Wood
Construction: Wood Frame
Roof: Fluid Applied
Water Source: Cistern; Solar Hot Water
Cistern: Apx Gallon
Sewer: Septic
Road: Dirt; Paved
Security: Camera
Main House: Kitchen
Supplements
Thats THREE sources of income making this villa a unique investment opportunity.
Add Value: Instead of doing long-term rental upstairs, you could do short term. Those views and that gallery is exactly what renters are looking for!
The current owner has the plans for a pool recently drawn up by an architect and those plans will convey with the sale - a $3000 plus value. Quoted $155,000 for pool installation. Will add a lot of value for rental and increase returns.
Current lower level long term rent is $2750 and the upstairs was quoted by a rental specialist for $4500 long term.
Located at the end of a quiet cul-de-sac with ample on-street parking.
Main furniture is included with some personal items going with the owner. This will be easy to turn this around as a vacation rental if you choose.
133 Cotton Valley Special Features/Improvements
Main House
12 Solar panels
Windows and doors with impact resistance glass
Solar hot water with separate meter
Guest bathroom remodeled
Air conditioning installed in all bedrooms, up and down, loft, kitchen and dining room in Spring of 2017
Broadband free internet plus $500 payment per month
Additional Information
15,000-gallon Cistern, with remote fill
Galvanized hurricane panels
Extensive new Trex decking installed in spring of 2017
House and apartment have their own separate washer/dryer
Large storage room downstairs with washer and dryer
Another storage room that could make a chicken coop.
There are six security cameras
Apartment has been updated with new kitchen cabinets, drywall in certain areas, plaster, electrical upgraded, replaced fans, every room repainted.
New lighting in kitchen and master bathroom
Track lighting added to highlight the cathedral ceilings
Exterior lighting running the upper and lower decks operated on a switch
Repaired exterior stairs and landing above the generator room
Survey upon request.
Total Sq. feet is approximated. Lower, level was not confirmed.
Listing Office: Coldwell Banker St.Croix Realty - GB
Office Phone: 340-778-7000
Information deemed reliable but not guaranteed.