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Money Earner. Four Studio Apartments for Sale in Sosua

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Sell, Apartment, 4 bedrooms
Sosua

$ 189000 Sale
Listing was posted by
Simon
Simon
All views: 223
Today number of views: 2
Date created: 10.11.2022 19:38:45
Listing ID:
198
Type:
Sell
Property type:
Apartment
Address:
Sosua, Calle Nicaragua
Price:
$ 189000 Sale
Description:

Tucked away in a quiet cul-de-sac you will find these two apartment blocks and a swimming pool.

Each building consists of two studio apartments, with each studio measuring approximately 36m2. 

The apartments stand on around 700m2 of land that includes a swimming pool. 

This rare opportunity would perfectly suit someone looking to live in one of the units while renting the other three out.  Average long-term rentals are around $450 per month. 

One of the studio apartments includes a loft with room for a double bed that gives more space in the main living area, while the other three studio apartments are ready for a makeover that would in turn increase rental yields.    

A prospective buyer will eventually be required to re-route the existing black water and septic system to the main sewer (something that has already been done with the property next door) or install a new independent septic system but the work would not affect the occupation of the apartments and does not need to be immediate.  A new entrance gate will also need to be installed.   

This property represents an excellent opportunity for someone that enjoys a little DIY and decorating that is looking for a place to call home that will generate a good flow of income. 

Currently one of the apartments has a very long-term renter while two of the others have seasonal renters hoping to stay for the season. They are generating around $1200 per month in total for the owner.   At maximum occupancy, the units are currently generating over $1700 per month.

Call or WhatsApp 809 516 8903 to arrange a viewing.

Bedrooms:
4
Floors/Bathrooms:
2 floor 4 Baths
Building Size:
144 m2
View:
Courtyard or pool view
What is near?:
Sosua centre, shops, beaches
Bedrooms :
4
 
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