Investment opportunity - 16 unit Apartment Complex.


Montes de Oca - San Pedro, Costa Rica

Listing ID: 90070100168

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 7.4% unit descriptions: -16 one bedroom apartments -dsl wireless internet -cable tv -bathroom with hot shower -kitchen/dining area -living room area -fully equipped!! income rental income in 16 apartments june through november three month contracts 10 apartments $480 x 10= $4,800 /month rental income x 6 months= $28,800 one month contract 6 apartments at $600 x 6= $3,600/ month rental income x 6 months=$21,600 december through may three month contracts 5 apartments $480 x 5= $2,400/month rental income x 6 months = $14,400 one month contracts 6 apartments $600 x 6= $3600/ month rental income x 6 months = $21,600 one week contracts 5 apartments $230/week x 5= $1,150/week income x 4 weeks= $4,600 x 6 months= $27,600 per day (sometimes) $70/day $114,000/year total income laundry service income 40 loads x $7/load = $280/week $280 x 4/weeks = $1,120/month cleaning service income $20 x 16 = $320/week $320 x 4 weeks = $1280/month monthly income rents- varies- see high and low season laundry service- $1120 cleaning service- $ 1280 total monthly income = varies high/low season total annual income from rents $114,000 total annual income from cleaning and laundry-$28,800 total income- $142,800.00 the return is 9.52% per year. that is 142800/1500000=.0952. thus it takes 1/.0952 or 10.5 years to recover your 1.5 million.

Currency Converter
$ 1,550,000.00
Lot size:
662.15 Sq Mt.
7,127.32 Sq Ft.
Bedrooms
0
Bathrooms
0
Half bathrooms
0
Stories/Floors
Garage capacity
0

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