Looking for an investment opportunity?

This four-apartment home in Pembroke brings in annual rents of more than $100,000.

Malmar is modern and in excellent condition with stainless steel appliances and split system and reverse cycle air conditioning throughout.

If that’s not enough of a sell, the 12 Ocean Lane home offers stunning views of the waters off North Shore — from Dockyard to St George’s.

Coldwell Banker Bermuda Realty is offering the property for $1,750,000.

The main unit is comprised of three bedrooms and two bathrooms. Its real selling point however is a spacious bricked porch which has commanding views over the North Shore.

Below, there is a two-bedroom unit and a one-bedroom. A studio apartment completes the property. All the units have their own patios and wood flooring in the common areas.

“[Malmar is a] great investment opportunity,” said realtor Fiona Hatfield. “Within walking distance to Hamilton, this totally renovated, four-apartment home enjoys fantastic views of the North Shore from Dockyard to St George’s. All units are modern and in excellent condition.”

The total square footage of the property is 3,236, she said. The homeowner receives $118,800 annually in rent, not including the studio.

“[The] three-bedroom, two-bath main unit features a fireplace and spacious bricked porch for great entertaining,” Ms Hatfield said. “After a day’s work, a two-bed, two-bath unit offers a charming patio for relaxing and on the eastern side is a one-bedroom, one-bath unit with [a] separate studio on [a] lower level. All units have spacious closets, storage areas, private gardens and are equipped with major appliances and split reverse cycle system. Wood floors are displayed throughout, except in the kitchens and baths.”