Apartamentos Monte Alto: Investment Opportunity! Apartment Building with 2 Additional Houses!

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  • $650,000
  • Active
  • Listing ID : RS2000245
  • Playa Tamarindo, Tamarindo, Santa Cruz, Guanacaste, Costa Rica
  • Urban
  • 2614
  • Multiplex
  • Total Living Area : 506.00 m² (5,446.52 sq ft)
  • Garden View, Mountain View, Valley View, Western View
  • Total Lot Size : 1,523.60 m² (16,399.83 sq ft)

Fantastic investment opportunity! 12 Apartments and 2 houses on two side by side lots in

Villarreal! Total lot size of 1,523m2 (16,400sqft) 5 minutes to popular Playa Tamarindo, and

walking distance to all amenities in Villarreal.

The building consists of 10, 2 bedrooms and 2, 1 bedroom apartments on the 523.60m2 lot and

2, 2 bedroom houses on the 1000m2 lot. The fully fenced houses are built to one end leaving

2/3 of the lot undeveloped and ready for expansion.

More about this property

Fantastic investment opportunity! 12 Apartments and 2 houses on two side by side lots in

Villarreal! Total lot size of 1,523m2 (16,400sqft) 5 minutes to popular Playa Tamarindo, and

walking distance to all amenities in Villarreal.

The building consists of 10, 2 bedrooms and 2, 1 bedroom apartments on the 523.60m2 lot and

2, 2 bedroom houses on the 1000m2 lot. The fully fenced houses are built to one end leaving

2/3 of the lot undeveloped and ready for expansion. This is a great added bonus for investors

with vision. More condos, houses or even an in ground pool, to increase the rental value per

suite and the overall value of the property! In it’s current condition, at full rental capacity the

building generates approximately $48K-$55K per year. A solid return on investment!

Villarreal is within a 10-20 min. drive to numerous world class Costa Rican surf beaches,

national parks, 5 minutes to Tamarindo and only 45min to the international airport in Liberia.

Take advantage of the temporary boarder closure and lock in this investment property.

Details
Roof Type Metal
Number of Units 14
Number of Bedrooms 26
Number of Full Bathrooms 14
Unit Floor 1
Number of Stories 2
Total Living Area 506.00 m² (5,446.52 sq ft)
Total Area under Roof 692.00 m² (7,448.60 sq ft)
Total Lot Size 1,523.60 m² (16,399.83 sq ft)
Lot Dimension Comments 2 Lots 1000m2 Rectangular,523.65 Irregular "L" Shape
Floor Type Tile
Construction Status Completed
Construction Type Concrete, Concrete Block
Year Built 2010
Air Condition Type Multiple Wall Units
Furnished No
Pool No
Jacuzzi No
Parking Type Other
Number of Parking Spaces 9
Telephone Yes
Internet Types Cable Internet
Television Types Standard Cable TV
BBQ No
Geography
Location Playa Tamarindo, Tamarindo, Santa Cruz, Guanacaste, Costa Rica
Country Costa Rica
State Guanacaste
County Santa Cruz
District Tamarindo
City/Town Playa Tamarindo
Zip Code 50309
Location Type Urban
Geographic Type Dry Forest
View Type Garden View, Mountain View, Valley View, Western View
Infrastructure
Street Access Type Paved Road
Type of Water City Water
Sewer Available No
Type of Internet Cable Internet
Type of Television Cable Television
Type of Electricity Public
Telephone Available Yes
Financial/Legal
Price per Air-Conditionable Living Area $1,284.58/m2 ($119.34/sqft)
Price per Total Area Under Roof $939.31/m2 ($87.26/sqft)
Price per Square Meter $426.62/m2 ($39.63/sqft)
List Price $650,000
Ownership Type Fee Simple, Legal Corporation

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