Incredible Investment Opportunity! Six-Unit Apartment Complex in San Luis

  • $325,000
Featured For Sale
San Luis
Incredible Investment Opportunity! Six-Unit Incredible Investment Opportunity! Six-Unit Incredible Investment Opportunity
  • Apartment Complex, Commercial & Businesses
  • Property Type
  • 7
  • Bedrooms
  • 7.5
  • Bathrooms
  • 614.27
  • 614.27
  • Lot m²
Featured For Sale

Incredible Investment Opportunity! Six-Unit Apartment Complex in San Luis

San Luis
  • $325,000

Details

  • Property ID: SL5002
  • Price: $325,000
  • Property Size: 614.27 m²
  • Land Area: 614.27 m²
  • Bedrooms: 7
  • Rooms: 9
  • Bathrooms: 7.5
  • Property Type: Apartment Complex, Commercial & Businesses
  • Property Status: For Sale
  • Land Size (m2): < 2,000m2
  • Land Size (acres): < 0.5 acres
  • House Size (ft2): 6612

Description

This landmark San Luis apartment complex has enjoyed a nearly 100% occupancy for many years, providing an excellent ROI. Some of the amenities that make this property so popular are the ease of being able to walk to the local market, public bus transportation access just outside your door, three of the area’s excellent restaurant choices just a 5 minute walk away, handicap ramp access to three of the six apartments and the flexibility of short or long term rental. Currently there is a long term tenant in place, and numerous short term (3 month) tenants. The facility offers two apartments at street level, with the balance behind and below street level. There is a convenient separate laundry room on the lower level, which is of no cost to tenants. In the rear of the apartment complex is a lovely open courtyard complete with outstanding Lake Arenal views, firepit and sitting area where tenants can relax or meet for a social gathering.

Apartment details are as follows:

Apartment #1 – One bedroom; 1 1/2 bath; 1,014 sq. ft (95 m2) @ $500/month. Long Term tenant in place.

Apartment #2 – Two bedroom; 2 bath; 1,209 sq. ft. (113 m2) @ $600/month

Apartment #3 – One bedroom; 1 bath; 378 sq. ft. (35.1 m2) @ $325/month

Apartment #4 – One bedroom; 1 bath; 420 sq. ft. (39 m2) @ 375/month

Apartment #5 – One bedroom; 1 bath; 420 sq. ft. (43 m2) @ $400/month

Apartment #6 – One bedroom; 1 bath; 462 sq. ft. (35.1 m2) and is currently used as a manager’s unit.

The largest of the apartments, #2 has two bedrooms, stackable washer/dryer, propane stove in the full-sized kitchen, and an “On-Demand” hot water heater. This spacious apartment also has a sunny Florida Room just off of the living room that provides amazing lake views and is an excellent space for indoor plants.

Apartment #1 has a long term tenant in place who has lovingly decorated with numerous houseplants and maintained the apartment. It also has a full-sized kitchen and wonderful views from its Florida room. Apartments #3 through #6 all have one bedroom, one bath, kitchens and are move-in ready. Apartments #1 and #2 are on a separate electric meter from the remaining apartments. Tenants in apartments #3 through #6 have utilities and Internet paid by the owner, which currently averages no more than $200 per month.

The quaint town of San Luis is conveniently located between the larger towns of Tilaran and Nuevo Arenal, and is the first village you approach if you are headed to Tronadora. There are numerous quality restaurants, parks, small markets and incredible views found in San Luis. The larger town of Tilaran, where you will find numerous grocery stores, restaurants, dentists, doctors and a host of similar amenities, is an approximate 10 minute drive from the property. Nuevo Arenal, 30 minutes away, hosts numerous fine restaurants, grocers, organic markets, a gas station, live entertainment and numerous necessary services. The popular tourist town of La Fortuna, where you can enjoy ziplining, waterfalls, horseback riding, hot spring resorts, ATV tours and the beautiful Arenal Volcano are an approximate 1 hour drive from the property. The area’s International Airport is located in Liberia, also known for its extensive shopping, restaurants and all beach access roads, is within one and one-half hour drive from San Luis.

This excellent investment opportunity not only offers you a minimum of a 10% ROI, but with the San Luis area experiencing growth, your opportunity for higher earnings is greater. All apartments have been maintained and are in good condition, and the extra amenities such as conveniences to transportation, markets, restaurants and excellent views, make this an opportunity you don’t want to miss!

Contact Charlotte Wintch via Whatsapp at 506.8828.9285 for your personal showing or with additional questions ab out this wonderful property!

*Square meters/feet of land and/or dwellings to be verified by buyer*

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