Property Details
Basic Information
- List Price: $4,950,000
- MLS Number: 62819
- Description: Introducing North Coast Apartments - a rare opportunity to own a fully stabilized, cash-flowing beachfront investment in the heart of Cable Beach, Nassau. Comprising six turnkey two-bedroom units, each professionally furnished and performing on Airbnb, this oceanfront property combines short-term rental performance with long-term capital appreciation. With a 7.4% cap rate, $385,000+ in annual NOI, and direct beach access, North Coast Apartments stands as one of the few multi-unit oceanfront assets trading in The Bahamas today. Nassau's rental market continues to see record occupancy and nightly rates, driven by sustained tourism growth, new luxury developments, and investor appetite for branded, lifestyle assets. This is more than a property - it's a proven income stream on one of the Caribbean's most valuable coastlines.
- Area: Cable Beach
- Units In Complex: 6
- Currency: BSD
- Subdivision: Cable Beach
- Year Built: 1970
- Square Feet: 6,500
Property Type
- Property SubType: Apartment Complex
Interior Features
Interior Features
- Bedrooms: 12
- Bathrooms: 12
- Cooling: Split
Exterior Features
Exterior Features
- Building Construction: Concrete Block
- Foundation: Yes
- Water: City
- Sewer: Septic - Yes
- Parking Type: Open
- Exterior Features: Patio, Porch, Pool
- Exterior Features: Patio, Porch, Pool
- Site Influences: Easy Access, Family Oriented, View - Ocean, Sidewalk, Recreation Nearby, Waterfront - Ocean, Road - Paved, Pets Allowed, Can Be Rented, Beach Front
- Amenities: Garden Area, Swimming Pool, Fully Fenced, Bed & Breakfast, Fully Walled, Impact Windows, Impact Shutters, Cable, Furnished, Hurricane Windows
- Shared Amenities: Pool Outdoor, Secured Entry, Storage Unit, Beach
- Acreage: 0.34
- Area: Cable Beach
Utilities and Appliances
Utilities and Appliances
- Cooling: Split