The Brief

An investment property with immediate income

Investment real estate is a different discipline. The buyer is not looking for a home — they are looking for a return. When the owner of this quadruplex in Kool Air Subdivision decided to sell, the brief was clear: find a buyer who understands income-producing property and can move efficiently on a transaction where the numbers work.

Multi-family properties require a specific marketing approach. Rather than lifestyle photography and neighbourhood descriptions, the conversation centres on rental income, occupancy rates, maintenance costs, and cap rates. My job was to present the property's investment fundamentals honestly and connect the seller with a buyer who could evaluate them.

The Property

Four units generating rental income

This quadruplex in Kool Air Subdivision, Fox Hill, comprises four separate residential units within a single 2,916-square-foot structure. With a total of 7 bedrooms and 4 bathrooms across the four units, the property was configured for immediate rental income — each unit operating independently with its own living space.

Fox Hill is an established residential community on the eastern side of Nassau. The area offers affordable housing close to employment centres, schools, and services, which translates to consistent rental demand. For an investor, consistent demand is the foundation of a sound multi-family investment.

A quadruplex offers diversified rental income — if one unit is vacant, the other three continue generating revenue. That built-in resilience is what makes multi-family properties attractive to savvy investors.

The Market Context

Rental demand in eastern Nassau

The rental market in Nassau's eastern communities remained robust through 2023. Housing demand in Fox Hill and surrounding areas is driven by local workforce needs — people who work in Nassau and need affordable, well-located rental housing. This creates steady, reliable tenant demand that does not depend on tourism cycles.

Multi-family investment properties in the sub-$400,000 range are difficult to find in Nassau. Most of the available inventory is either single-family or priced significantly higher for newer construction. A functioning quadruplex at $340,000 represented a compelling entry point for an investor looking to build a rental portfolio in The Bahamas.

The Result

Versatility across property types

The Kool Air quadruplex closed at $340,000 in May 2023. The buyer acquired a property with immediate income potential and the structural foundation for long-term rental returns.

This sale demonstrates the breadth of my practice. I am as comfortable presenting investment fundamentals to a multi-family buyer as I am marketing a luxury beachfront estate. The Bahamas real estate market includes far more than waterfront villas — it includes the working properties that form the backbone of the rental economy — and I bring the same professionalism to every segment.

$340K Sale Price

4 Rental Units

2,916 Square Feet