Villas Mymosa Condominium Hotel, in the Heart of Manuel Antonio! Manuel Antonio ( Puntarenas, CR - 60601) Built

$1,290,000
Low price for multiple units!

COLDWELL BANKER

Carol  ODonnell Carol ODonnell 305 433-3535 (Office) 87023066 (Cell) Request More Info

  • Individually Titled Condominiums
  • Type: Residential
  • Style: 2 Storey
  • Bedrooms: 20
  • Bathrooms: 15
  • Size: 1,100 sq. ft. "up to 1700 sq ft per unit"
  • Development Level: Built
  • Lot Size: 2545 sq. m.

Description

Fantastic complex, with a pool and a restaurant, located in the heart of Manuel Antonio!
There are 12 units, 5 are one bedroom, 5 are 1 bedroom with a second bedroom past the first
one, and then on the second floor are 2 large 2 bedroom 2 bathroom units of 1700 sq ft each!
There is a large pool, and then there is also the reception area and office. Through the office
is a stairway up to the manager’s/ owner’s residence, which is a large living area and kitchen,
and on the third floor a large master suite. The hotel does very well, with the restaurant
offering breakfast and dinner to the guests! The real value here is that each unit is individually
titled as a condominium, and could be sold individually! The Condotel business model is very
lucrative for unit owners and the manager alike, with the manager maintaining the units, the
owners always have a place to visit or stay for as long as they like, and everyone gets a share
in the income! For a buyer looking to take over this complex, either live in the manager
residence and take care of the whole place, while selling units and continuing to manage them
for a monthly fee, or have a manager take care of everything and sell each unit off
individually! Manuel Antonio is the number one tourist destination in the country, properties
here are at a premium and inventory is very low, this is a great chance to obtain some
inventory at a low price!

Attachments

Brokered and Advertised by : Fortress Realty
P2#505371234
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Information is deemed to be correct but not guaranteed.