Located in George Town.
Excellent opportunity to acquire a fully occupied five-unit apartment building in the heart of George Town, offering strong current income and significant upside potential. Situated at 47 Maple Road, this solid concrete-constructed building comprises five spacious 2-bedroom, 1-bathroom apartments, totaling approximately 5,200 sq. ft. on a 0.23-acre parcel. Each unit features a functional layout with kitchen, living area, and individually metered electricity through CUC. The property is strategically positioned within a commercially zoned neighborhood, just 1,200 feet from the landmark ONE GT luxury condo-hotel development and approximately 1,000 feet from the proposed ELDEMIRE high-rise project. It also backs directly onto Doctors Hospital, placing it within one of George Town's most rapidly evolving districts. Currently generating over CI$90,000 in net annual income, the building is fully tenanted with long-term occupancy. Current rental rates are estimated to be 30%–40% below market value, presenting an attractive value-add opportunity for investors seeking to increase returns through renovations and rental adjustments. While the apartments remain largely in original condition and will benefit from modernization and maintenance, the combination of stable income, redevelopment potential, and a prime central location makes this an exceptional investment opportunity. Property Highlights: Five 2-bedroom, 1-bathroom apartments 10 bedrooms, 5 bathrooms total Approximately 5,200 sq. ft. of building area 0.23-acre lot Fully occupied investment property Net annual income exceeding CI$90,000 Individually metered electrical service Commercial zoning area Minutes from George Town business district Near ONE GT, proposed ELDEMIRE development, and Doctors Hospital Significant rental upside and long-term appreciation potential A rare opportunity to secure an income-producing asset in one of Grand Cayman’s fastest-growing urban corridors. Your First Step to Homeownership Starts with Pre-Qualification! Before you begin searching for your dream property, get pre-qualified with your bank or lender. Find out how much you can borrow, what your estimated closing costs will be, and ensure you meet the lender's financing requirements. Once you're pre-qualified and understand your budget, you can confidently start looking for properties that fit both your needs and your lender's criteria. Know your budget first. Shop with confidence second.
