Clear Water Villa, Saipan

One of Saipan’s finest house, this property was bought and fully renovated for a mixture of short- and long-term rentals. Perfectly located behind the Governor’s Office in Capitol Hill, Saipan, this property is perfectly situated for travelling executives and/or residents offering proximity to various government departments and agencies including the Governor’s Office, Commonwealth of the Northern Mariana Islands Legislature Building, US Post Office and the Northern Mariana Islands Council for Arts and Culture.

Additional plans for event space and additional accommodation are on the drawing board and is being worked into the asset’s management plan.

Details:

Property type: Residential

Site acquired: 2017

Site status: Repositioned and Holding for Income

Lot size Approx. 1,455 Sq. M. (Land Size)

Number of units 5 units

Location Capitol Hill, Saipan

Investment Highlights:

· Excellent repositioning opportunity with minimum cost

· No new supply in Saipan with strong and growing demand for high-end premium residential product

· Further opportunities with partial redevelopment