Apartment building and commercial premises for sale, Parque Lefevre

Price
$1,100,000
Price/M²
$2,148
M² of construction
512
Bedrooms
8
Bathrooms
8
Parking
4

Apartment building and commercial premises for sale, Parque Lefevre

Category

Sale

Published

29/11/2022

Location

Parque Lefevre

Price

$1,100,000

Price/M²

$2,148

Property

Land size: 812 m2
Construction area: 528 m2
Number of apartments: 9
Number of commercial premises: 4

Monthly income: $3,740 post pandemic per year would be $45,000
Before the pandemic, the rental volume was $7,800 per month, that is, almost double.

Currently producing: $45,000
Market value: $1,100,000.00
Return on investment: 4.5% per year

This property is ideal to buy, remodel it and obtain a better rental income, it is on a main road that is taking a lot of added value, only the land in that sector increased from $400 x mt2 to $800 x mt2 in the last 4 years, If you take into account that the lot measures 800mt2 only on land, you already have 80% of the investment recovered.

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