5 Canal Front Multifamily Properties | Snug Harbour – Investment Portfolio Opportunity

$17,995,000

56 Beds
56 Baths
42,142 Sqft
2.05 Acres
0 Garages

<p style="line-height: 15.0pt;"><span style="font-size: 10.5pt; font-family: 'Segoe UI',sans-serif;">A unique opportunity to acquire a portfolio of <strong><span style="font-family: 'Segoe UI',sans-serif;">five canal-front multifamily properties </span></strong><strong><span style="font-family: 'Segoe UI',sans-serif; font-weight: normal;">comprising of</span></strong><strong><span style="font-family: 'Segoe UI',sans-serif;"> seven residential buildings, 28 apartments, approximately 700 feet of water frontage, and two swimming pools </span></strong>in the highly sought-after <strong><span style="font-family: 'Segoe UI',sans-serif;">Snug Harbour</span></strong> neighborhood along the prestigious <strong><span style="font-family: 'Segoe UI',sans-serif;">Seven Mile Corridor</span></strong>.</span></p>
<p style="line-height: 15.0pt;"><span style="font-size: 10.5pt; font-family: 'Segoe UI',sans-serif;">This well-maintained investment portfolio benefits from <strong><span style="font-family: 'Segoe UI',sans-serif;">consistent occupancy and strong tenant demand</span></strong>, driven by its prime central location and attractive waterfront setting. All properties are situated along <strong><span style="font-family: 'Segoe UI',sans-serif;">Palm Heights Drive</span></strong> and feature <strong><span style="font-family: 'Segoe UI',sans-serif;">private canal frontage with docks</span></strong>, providing a highly desirable lifestyle amenity for residents.</span></p>
<p style="line-height: 15.0pt;"><span style="font-size: 10.5pt; font-family: 'Segoe UI',sans-serif;">The portfolio consists of <strong><span style="font-family: 'Segoe UI',sans-serif;">28 spacious two-bedroom, two-bathroom apartments</span></strong>, all currently tenant-occupied, offering immediate income generation. Each unit includes <strong><span style="font-family: 'Segoe UI',sans-serif;">internal laundry facilities, ample on-site parking</span></strong>, <strong>external storage</strong>, and accommodates both families and pets, broadening tenant appeal and supporting long-term occupancy.</span></p>
<p style="line-height: 15.0pt;"><span style="font-size: 10.5pt; font-family: 'Segoe UI',sans-serif;">Building styles and ages vary throughout the portfolio, creating a diverse asset mix, while all properties have been carefully maintained. Two of the properties also feature <strong><span style="font-family: 'Segoe UI',sans-serif;">swimming pools</span></strong> set within attractively landscaped grounds, further enhancing resident satisfaction and rental desirability.</span></p>
<p style="line-height: 15.0pt;"><span style="font-size: 10.5pt; font-family: 'Segoe UI',sans-serif;">Positioned in the heart of the Seven Mile Corridor, the properties are within minutes of <strong><span style="font-family: 'Segoe UI',sans-serif;">Camana Bay, Seven Mile Beach, major supermarkets, schools, restaurants, and shopping amenities</span></strong>. This exceptional location continues to benefit from <strong>strong residential demand</strong>, limited supply, and <strong>long-term capital appreciation </strong>potential.</span></p>
<p class="MsoNormal" style="line-height: 15.0pt;"><span style="font-size: 10.5pt; font-family: 'Segoe UI',sans-serif;">Professionally managed and fully occupied, this portfolio presents a <strong><span style="font-family: 'Segoe UI',sans-serif;">hands-off investment opportunity</span></strong> with established rental income, strong occupancy history, and significant future upside in one of Grand Cayman's most desirable residential markets. </span></p>
<p class="MsoNormal" style="line-height: 15.0pt;"><span style="font-size: 10.5pt; font-family: 'Segoe UI',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt; mso-ligatures: none;">In addition to its strong income profile, the portfolio offers multiple value-creation strategies. The current owner has already initiated the <strong>stratification process</strong>, creating the potential for future individual unit sales and an estimated <strong>20% - 25% increase in aggregate portfolio value</strong> based on current market conditions. Investors may also explore <strong>redevelopment opportunities</strong> to further unlock value from these highly desirable waterfront holdings.</span></p>
<p style="line-height: 15.0pt;"><strong><span style="font-size: 10.5pt; font-family: 'Segoe UI',sans-serif;">Detailed financial information, building specifications, and viewing arrangements are available upon request.</span></strong></p>

Essential Information
MLS® #421252
Bedrooms56
Bathrooms56
Square Footage42142
Acres2.05
Year Built1985
TypeMulti-Unit
StatusArray
Community Information
Address22 Palm Heights Drive
Area

Governor's Harbour, Seven Mile Beach Corridor, Snug Harbour

City

Governor's Harbour, Seven Mile Beach Corridor, Snug Harbour

Amenities
ViewCanal Front,Pool View
Interior
Stories2
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