1BR Income Condo for Sale in Cole Bay, 81m²

Description

81m² one-bedroom Cole Bay condo with an established rental history. $340,000. With 0% capital gains tax, net yields are hard to beat. Positioned in Cole Bay, this modern 81 sqm, one-bedroom, one-bathroom condo combines practical comfort with proven rental performance. The furnished, move-in-ready residence features an open-plan living room and contemporary kitchen, creating a bright and functional layout suitable for personal use or investment. A private balcony overlooks surrounding greenery, offering privacy and a calm atmosphere. Additional features include a private laundry room, one designated parking space, backup generator, cistern, and low-maintenance finishes. The condo is currently rented long-term for USD 2,500 per month, providing an established income stream, while its short-term rental-friendly positioning allows future flexibility. Monthly HOA fees are approximately USD 280, supporting its appeal as an efficient, manageable asset. Cole Bay is one of Sint Maarten’s most convenient locations, close to marinas, beaches, restaurants, cafés, shopping, schools, nightlife, Port de Plaisance fitness facilities, and the airport. This property presents a strong opportunity for buyers seeking immediate income and long-term value in a central location. Sint Maarten Investment Benefit and Advantage: 0% Property Tax. 0% Capital Gains Tax. 4% Property Transfer Tax and 1.5-2% Notary fees. 6-8% Yield and ROI.

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