B-12 Lovenlund GNS, St. Thomas 00802

Property Description

Set yourself up for success in this solidly constructed masonry home, ideally perched above Mahogany Run and just minutes from world-famous Magens Bay Beach. Eligible VA buyers may have the opportunity to assume the sellers' existing VA mortgage at an attractive 5.75% interest rate, a valuable financing option in today's rising-rate environment that could mean significant savings over the life of the loan. Bright, airy, and thoughtfully configured, the property features a spacious 3-bedroom, 2-bathroom main residence plus two private 1-bedroom, 1-bathroom rental units, offering excellent income potential to help offset monthly housing expenses. A large driveway provides ample flat parking, while solar power helps significantly reduce electric costs. With durable masonry construct built-in rental income, and the potential to take advantage of a 5.75% VA assumable mortgage, this property offers a compelling opportunity to enjoy island living while putting your property to work for you. Conveniently located near Magens Bay, Northside restaurants, and shopping in Tutu. VA buyers, ask for details on the assumable loan and qualification requirements.