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Mapa

Building close to the new beach boulevard offers 13 apartments.
It is built over 4 stories with approximately 1,200 m2 of construction (net area apartments 1,072.56) in a lot of 750m2.
The ground floor of the building has one apartment with 4 bedrooms, 2 bathrooms, lounge room and kitchen with a total of 276m2.
There are 4 apartments on each of the rest of the floors (2nd, 3rd, and 4th floors), each of these apartments has 2 bedrooms, 1 bathroom, and a lounge room with joint kitchen with 66.37 m2 each apartment.
Build-in the year 2000, the building needs renovation and new furnishing. Renovation & furnishing cost of approx. U$ 150,000.- estimated (or less).
The ground floor can be changed into four 2 bedroom apartments like the other apartments in the building or a garden restaurant. The building has a water well and cistern and there is access from the beach boulevard is by Asphalt Street.
Each apartment has its own title (deed).
Two bedrooms apartment is right now leased out for approx. U$ 270 per month (renovated condos can be rented long term for U$ 400 to 450 per month). The large condo on the ground floor can be rented as commercial between U$ 1,000 and 1,500 per month.
The owner is willing to sell at a very low price below construction cost. U$ 299,000.-
Property is right now in the process of eviction. Therefore seller is asking for U$ 50,000 down payment into a lawyer escrow account and final payment after the eviction is done.
Price includes all cost for eviction and purchase, so the building can be given free and clear to clients.

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