Gibbs Corner Multiplexes, New Providence Paradise Island
Description
Presenting Parcel 1 & 2 Grants Town, a captivating multi-family property set on an expansive lot of 15,700 square feet. This historic gem, comprising twelve charming buildings, was constructed over fifty years ago and offers a unique income opportunity with a diverse range of rental units. Nestled in the heart of Grants Town, this property boasts a prime location with easy access to amenities, schools, parks, and transportation hubs. Its timeless charm, expansive grounds, and income potential make it a rare find in today's market. Don't miss your chance to own a piece of history and secure a reliable source of income. Based on the asking price of $499,000 and projected rental income of $8,000 per month, the property would generate approximately $96,000 in annual gross rental income, resulting in an estimated gross return on investment (ROI) of 19.2% per year. At this income level, the investment could potentially recover its purchase price in approximately 5.2 years, before operating expenses and financing costs are taken into account.
Where it is
What's on near New Providence Paradise Island
09/29Weekly Walking ClubDockside · Atlanta09/29Guided Workshop: Painting Flowers
Community Center09/29Tuesday Take-over: 2Minds
Muziekgieterij · Maastricht09/30Travel now through September 30, 2026.
Viva Fortuna Beach by Wyndham
Climate · Nassau
Station: NASSAU AIRPORT NEW · 12.5 km from the representative point.
Explore monthly temperature and rainfall
Typical daytime temperature
1991–2020 station normals · Average daily high (°C)
Representative-station climate context, not today’s weather or a property-level hazard assessment. Missing monthly values are not estimated.
Read the values and sample counts
| Period or area | Average daily high (°C) |
|---|---|
| Jan | 26 |
| Feb | 27 |
| Mar | 27 |
| Apr | 29 |
| May | 30 |
| Jun | 32 |
| Jul | 33 |
| Aug | 33 |
| Sep | 32 |
| Oct | 31 |
| Nov | 28 |
| Dec | 27 |
Rainfall through the year
1991–2020 station normals · Mean monthly precipitation (mm)
Representative-station climate context, not today’s weather or a property-level hazard assessment. Missing monthly values are not estimated.
Read the values and sample counts
| Period or area | Mean monthly precipitation (mm) |
|---|---|
| Jan | 71 |
| Feb | 67 |
| Mar | 73 |
| Apr | 94 |
| May | 164 |
| Jun | 253 |
| Jul | 173 |
| Aug | 222 |
| Sep | 200 |
| Oct | 172 |
| Nov | 122 |
| Dec | 58 |
What's nearby 871 places
Getting there
Something wrong on this page? Tell us · How this page is put together
Within two kilometres
| Property | Distance | Beds | Asking |
|---|---|---|---|
| Grants Town Sf Home New Providence Paradise Island | 3 min walk | 2 | $109,000 |
| Deveaux Street, Unit 23 New Providence Paradise Island | 7 min walk | 3 | $159,000 |
| Joseph Evans Building, Shirley Heights New Providence Paradise Island | 8 min walk | — | $6,000 |
| North On Hay Street Lot New Providence Paradise Island | 9 min walk | — | $75,000 |
| Centreville House, Suite 1b New Providence Paradise Island | 9 min walk | — | $4,825 |
| Centreville House, 2nd Floor New Providence Paradise Island | 9 min walk | — | $7,278 |
Straight-line distances from the coordinates each agent published, so treat a walking time as indicative. Look at the site on Google Earth
