A unique property just listed for sale, and I thought you might be interested in learning more about it.
Everyone dreams of owning a home in St. John, right? I know I do! Well, this Glucksberg property has three units, so its new owner can live in one if he or she chooses while renting out the other two units. Or you can rent all three!
Let’s start with the location. This home is located in Glucksberg, which is commonly referred to as the Gifft Hill neighborhood. It is just off Route 104 and is less than 10 minutes from Cruz Bay. The closest sandy beach with parking is Hawksnest, which is a 15-minute drive.
Now on to the property itself: This multi-unit property has a main house that consists of a two-bedroom, one-bath unit on the top floor, and a one-bedroom, one-bath unit on the lower floor. There is an additional studio apartment on site. The beautiful rooftop pool is located above the studio. The sale includes architectural plans and approved building permits for an additional four-unit structure. The property is zoning compliant for the current units, as well as the approved units to be built.
Gifft Hill is one of my favorite neighborhoods. The area has excellent breezes and even better views. This Glucksberg property has panoramic ocean views, as well as views of St. Thomas, Little St. James, Great St. James, and beyond. It also has amazing sunset views to the west.
The property has a whole-house generator with an automatic transfer switch, so you never have to be in the dark when one of the island’s notorious power outages pops up. It has many other upgrades, including an electronic security gate, a new 500-gallon propane tank, and more.
This property has high consistent cash flow, low fixed expenses, online apps to manage from afar without a property manager, and room for an even higher rate of return with the approved permits and building plans. It is listed for $1.795 million. The sale includes a 2022 Jeep Wrangler.
For those of you who are interested in the main home only, which has a two-bedroom apartment, as well as a one-bedroom apartment, you can purchase that house separately (without the studio apartment and rooftop pool) for $999,000.
Owner financing is available to qualified buyers for the $1.795 million listing only.
Tag: St. John home for sale