Apartment Building, 3 Apartments, Airbnb Potential, Ciudad Colon

Ciudad Colon (Costa Rica) - Fully renovated apartment building for sale in downtown Ciudad Colon. 3 apartments; total of 7 bedroms and 4 baths. 484 m2 (5,200 ft2) of construction on two levels on a lot of 290 m2 (3,100 ft2). Built in 2013. Recently remodeled; well furnished; excellent condition; easy to rent. Ideal for students from nearby University for Peace, but great for anyone. Two apartments on the first floor, and one large apartment on the second floor. Garage for 2 cars.

Apt. 1: 48 m2 (516 ft2), 1 BR, 1 bath
Exterior: 17 m2 (183 ft2)
Rental income: US$550 per month

Apt. 2: 77 m2 (830 ft2), 3 BRs, 1 bath
Exterior: 40 m2 (430 ft2)
Rental income: US$850 per month

Apt. 3: 118 m2 (1,270 ft2), 3 BRs, 2 baths
Exterior: 154 m2 (1,657 ft2)
Rental income: US$900 per month

Currently, with a rental income of US$2,300 per month, with expenses of about US$200 per month, yielding a return on investment of over 8%. And the rent could easily be increased by 40%, and even up to 100% with Airbnb.

Price: US$295,000  (firm)

For more information, see https://TheRealEstate.net/costa-rica/property/apartment-building-for-sale-3-apartments-airbnb-potential-ciudad-colon/

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