Monkey 1/2 Acre - Fix Up Income Opportunity

Jaco
12 Bed | 8 Bath | 45186 sq ft of construction | 0.60 acres of land
$289,000 REF: 3293198
Property Type
Hotel
Bedrooms
12
Bathrooms
8
Lot Size
0.60 acres
Construction Size
45186 sq ft
Price
$289,000
Reference
3293198
Open demo
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Slider Form
Property Type
Hotel
Bedrooms
12
Bathrooms
8
Lot Size
0.60 acres
Construction Size
45186 sq ft
Price
$289,000
Reference
3293198
Location: Jaco, Costa Rica
Located in between Herradura and Jacó beach downtown (8 minute drive) is the opportunity to retire with income that you've been looking for at an affordable price.
Costa Rica's exuberant nature is all around it, it's a peaceful and quite place. You'll get 26,155 sq. ft. of 100% usable land, so there's plenty of room to build and expand.

There are:
+ 4 apartments with 1 bedrooms, 1 bathroom - 2 of them with kitchen
+ 2 apartments with 2 bedroom, living room and kitchen - 1 of them with A/C
+ 1 house with 2 bedrooms, 1 bath, terrace and full kitchen.
+ Rancho with 1 bathroom, for BBQ and fun activities.

Right now there are two 1-bedrooms being rented full time, for a monthly fee of $275 each and one 2-bedroom on the second floor rented for $400. So the property is producing a total of $950 a month, with only 3 units rented.

The place needs work: a full coat of paint, minor structural repairs, replacement of some furniture and appliances and a lot of gardening. This is an opportunity to turn this property around and profit from it.

There's financing available up to 40% at 8% interest for up to 2 years. Cash offers might get additional discount.
Ref
3293198
Price
$289,000
Status
Sold
Property Type
Hotel
Beds
12
Baths
8
Land Size
0.60 acres
Internal area
45186 sq ft
Features
Beach Properties
Close To Golf
Close To Shops
Income Producing
Jungle Views
Pets Allowed

Inquire about this property today

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