Monkey 1/2 Acre - Fix Up Income Opportunity
Size: 390 sq. m.
Lot Type: Rectangular
Year Built: 2008
MLS#: 6200 JS
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.
+ 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, some 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.
Information is deemed to be correct but not guaranteed.