Investment opportunity 16 unit Apartment Complex

Price
$980,000
Price/M²
$1,400
M² of construction
700
Bedrooms
10
Bathrooms
16
Parking
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Investment opportunity 16 unit Apartment Complex

Category

Buildings

Published

28/12/2023

Location

San José Capital

Price

$980,000

Price/M²

$1,400

Property

This apartment complex is located in San Pedro, walking distance to almost everything: major banks, universities, schools, restaurants, theater, major highways, bus and taxi services. Complex has 16 one bedroom fully furnished apartments, most units are rented to foreign exchange students. current ROI is 13% Unit descriptions: -16 one bedroom apartments -DSL wireless internet -Cable TV -Bathroom with hot shower -Kitchen/dining area -Living room area -Fully equipped! Rental Income 6 months with Annual total at the bottom June through November Three month contracts 9 apartments $550 X 9= $4,950 /month rental income X 6 months= $29,700 Three month contracts 1 apartments $480 month rental income X 6 months=2,880 One month contract 6 apartments at $650 X 6= $3,900/ month rental income X 6 months= $23,400 Income 32 loads X/load = $224/week (around twice a week) $224 X 4/week = $896/month x 12 months = $10,752 Cleaning Service Income$20 X 32 = $640/week

90070100168

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