St John Property

FOR SALE!

Three Cottages! Live in one, Airbnb the other two!

Summary

A chance to own a piece of St John does not come often in this price range, where the average property price on St John usually sells for a 7 figure sum.  Three cottages on the property, located in the rainforest on Gifft Hill, St John USVI. A short 5 minutes from Cruz Bay!
Live in one Cottage, rent out the other two! Retire in paradise!

Sale Price

$ 687,000 USD

Rainforest setting. Palms, bananas and passion fruit.

Three Cottages on 12,500 Square feet of island paradise.

Cottages Rental Income

A good profit can be made, even after mortgage payments.

Scenario (rent two cottages and live in one): Approx. $50,000 Gross income after mortgage payments, $110,000 a year if no mortgage. Or rent all 3 Cottages during holiday season and add 1/3 to your profits, an island manager would have to be appointed.

Based upon an annual 80% occupancy. Take vacations yourself during the unsold times or give it to family or friends .

St John

Nearly 80% of the island is US National ParkThere is no airport, no traffic lights, and streetlights are sparse. With a small population of 4000, it is a huge tourist destination and boasts famous National Park beaches like Trunk Bay, Caneel Bay, etc. Many reefs for great snorkeling, and trails for hiking through the National Park.

Properties are rare & pricey, with an average cost is over seven figures. So be it, that’s the price of living in the perfect climate with an idyllic setting. Upon this hill, which is 500 ft ASL, and the lowest temp recorded over the last 14 years has been 68 degrees (lowest) and 83 (highest). Perfect!

The Cottages

Conveniently situated around a 10-minute drive to any of the North Shore beaches and short 5 minutes drive to Cruz Bay, from where the ferries go to St Thomas, and every convenience is located. A school is 150 yards away and the clinic is a 2-minute drive down the road.

Located in a very peaceful, protected, and hidden valley, hence the name Peaceful Cottages. These cottages are very strongly built which was proven during hurricane Irma’s 240 m.p.h. winds in 2017. They came through without any damage. They’re strong and an excellent place to hide during any storms.

 

Rent with Ease

These cottages were purposely designed to attract couples with less budget than a 3 bedroom villa costs, making them highly affordable in comparison to most accommodation on the island! Couples come here all year round looking for a place to fit their budget.

 

Proven Track Record – VRBO

And as you can see from the following VRBO profiles, people love it here!

Small Cottage: www.vrbo.com/211634
Large Cottage: www.vrbo.com/1588431

Cottage 02

The Larger of the two rentals, the patio on this cottage is large and includes a full kitchen on the patio, lounging area, breakfast table and chairs. Inside is a king bed, desk and chair, dresser, futon and good size cabinet, bathroom with shower, hand basin and WC.

Cottage 01

The cottage is bright and airy and is set up for 2 people. There is a nice patio with swing bench a table area and a space for a barbecue. There is a fully equipped kitchenette inside, and a bathroom with shower, sink and WC.

Keepers Cottage

Surrounded by rock walls, and fencing for privacy. There is a large undercover 3 car carport/lounge/kitchen/workshop and barbeque area, whatever you make of it! With a large brand new washer and a large propane dryer hidden in its own covered area, behind the apartment.

Inside there are 4 separate areas. Living/kitchen, bathroom/shower, bedroom, and a workshop (which can covert to small bedroom)Also, a covered workshop at the rear.

Footnotes:

  • The property taxes are around $950 PA
  • The Wi-Fi is good and hardwired – download 26mbps and upload 6mbps
  • I am prepared to owner finance over 20 years with 50% plus costs down

Contact Info

Please email or phone us for expression of interest, or any questions!
Phone: +1 340 715-4944