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Property Details: Maggie's place is located in the heart of downtown Utila and is within a five minute walk of all of Utila's hot spots. As a vacation or diving rental Maggie's is literally across the street from the Bay Islands College of Diving and Utila Lodge. With 8 luxury residential rental units and 3 additional commercial retail units, Maggie's represents the one of the best commercial investment properties available on Utila. The units consist of:
1) One 1700 sq. ft 2 bed/2 bath house. The home is immaculate with beautiful hardwood cabinets and countertops in the kitchen. In addition, there is a large covered veranda that overlooks all of downtown Utila. It literally has the best view of the harbor at night. The house also has its own parking and a rolling steel security gate. This home could be used as either a long term rental or a vacation rental to maximize its value.
2) One beautiful decorated loft efficiency with its own separate kitchen and includes its own patio on top providing a commanding view of the harbor at night.
3) Five gorgeous one bedroom apartments and one 2 bedroom apartment with a/c, internet, and satellite TV. All of these are highly sought after as long term rentals and all have beautiful kitchens and cabinets.
4) In addition, there are three additional retail units that face the main-street of downtown Utila and provide highly sought after retail space on the Island.
5) If that is not enough there is an additional 1500 square foot 2 bedroom/2 bath apartment that is roughed in under the existing home. For a marginal investment this unit would provide additional income.
The complex includes a staff that will stay on that basically runs the operation hands off for the existing owner. In addition, the property has its own 50 KW back-up generator and 15,000 gallon cistern with fresh water well. There is also a communal washer/dryer for all the tenants.
Its rare to find a true turn-key commercial property like this in the Caribbean. This is not something you need to come down and fix, this is truly a well run commercial opportunity with a return on investment that makes it competitive with any we have ever seen.
