FOR RENT, FOR SALE $2,490,000 - Commercial
This apartment complex of 38, self contained units is located in the community of Anton on the way to Los Pantanos. The area is beautiful and peaceful and fully gated. The 38 units include studios, one and two bedrooms apartments. All the units are very well finished, with imported cabinets and countertops in the kitchens and bathrooms., The rental income ranges from $295 for a studio to $650.00 for a two-bedroom, two-bath apartments. Seventy five percent of the units are currently rented, providing a steady stream of income.
The complex has its own recreational / social area, with a swimming pool and a gazebo for BBQ´s or parties. All the units also have a parking space, either in front of the apartment or in a designated parking area. There is also an office area with air conditioned units available for rental. There is ample storage space and extra parking for visitors.
The present owners are currently building 8 more studio and 1-bedroom units, and have already bought all the cabinets, doors, etc. There are also plans for a playground, making it more desirable for families.
There is also the option of converting the development into a PH (Horizontal Property), thereby allowing the sale of each of the units separately. The seller is seeking a buyer for the entire complex but will entertain any rental enquiries.
This business is an excellent opportunity to invest in an asset that already produces constant revenue!
Details about the complex and the project
- 38 apartments
- The land (ca 14 villa’s can be built)
- 1 bedroom apartment (still to be built) for employee
- Offices + showroom (can be transferred in one 3 bedroom and one 2 bedroom apartment