Yield Property: 6 condominium and 2 Cottages 15 min from Marina of Flamingo

Details

Mixed Use : Commercial or Home Development 

Located in Huacas at the crossroads of Tamarindo, Playa Grande and Playa Conchal/Flamingo, this large flat 3986 M2 estate includes the followings:

• 6 Two Bedrooms, 2 Bathrooms appartements, 1 with 105 M2 and 4 with 100 M2 (The building counts a total of 6 Units, one was recently sold). Two of them are located at ground floor, are furnished and benefit from a small private garden, one is on the first level is furnished as well and has a terrace and 2 last ones are on the second floor and are unfurnished.
• A swimming pool.
• A little building/cellar type (25 M2), to keep all the maintenance material.
• A 1 Bedroom, one bathroom Cottage (50 M2) at the entrance of the property that rents for $ 800/month.
• A multifunction equipped Cellar (100 M2) by the pool that can either be part of the common areas or used as a second Cottage.
• A lot of land to be build that was first designed to host 3 other buildings with 6 Condos each. The plans are made but the project was never carried out. The property touches a Public Road which grant it the right to build up to 85% of its surface.

The property can offer an annual  gross income of US$ 174 000 with is a 8 % ROI. 

We loved this very¡y well maintained property, very conveniently located close to schools, supermarkets, banks, the Conchal Golf course and within the heart of a growing International Community seeking for long term housing.