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San Pedro Apartment Complex: Fantastic Apartment Complex with 16 Apartments, San Pedro

San Pedro, San Pedro, Montes de Oca, San José, Costa Rica

Basic Listing Information

Price:
$1,395,000
Listing ID:
CS1900086
Property Type:
Multi Unit Building
Listing Type:
Commercial Sale
Status:
Active
Images:
20
Beds/Baths:
16/16
Location Type:
Urban
View Type:
Garden View
Total Lot Size:
662.00 m² (7,125.68 sq ft)

Listing Images

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Fantastic Apartment Complex with 16 Apartments, San Pedro

See what the agent says about this listing (original title and description):

Fantastic Apartment Complex with 16 Apartments, San Pedro

Fantastic Apartment Complex with 16 Apartments, San Pedro

Long Description

Barrio Roosevelt, San Pedro, Montes de Oca (Costa Rica) – Fantastic apartment complex for sale in a very central location in San Pedro. The apartment building has 16 apartments, each with a bedroom, bath, living/dining area and kitchenette. There is also a laundry area, office area (which could easily be used as an owner’s/manager’s apartment) and lots of storage space. All of the units face a truly amazing garden area, with lush tropical vegetation, fountains and sitting areas that attracts hummingbirds, butterflies, etc.: a fantastic feeling of nature in the city! There are 700 m2 of construction on two levels (completed in 2006), on a corner lot of 662 m2. All in excellent condition, and it comes completely furnished. Currently with 10 parking spaces (but with room for two more, if desired). All the business licenses and taxes are up to date. The apartments typically rent for US$550 per month, The units are almost always full, often with long-term tenants (some have been there 5+ years), and usually with a waiting list. Most of the tenants are international professionals, working at the University of Costa Rica, one of the many international foundations/agencies in the area, etc. The rate of return on investment is on the order of 11-12% per year (the books will be available for review by serious clients). The property is very secure, completely fenced, and with a double-gated entry (each with deadbolt and auto-locking combo-lock keypads). And the owners installed a guard house in front, along the street, for the neighborhood guard. The roof, installed in 2007, is in excellent condition (with heat-resistant paint on both sides), with a life expectancy of 35 years. The owners were personally involved in each step of the construction, prioritizing high quality throughout. It’s a excellent, profitable, turnkey operation for short-to-long-term apartment rentals. But the hotel could easily be converted to operate as a hotel/hostel, etc. The location is excellent, within easy walking distance of the University of Costa Rica, Mall San Pedro, the vibrant nightlife of San Pedro, and even to downtown San José. And with easy access to the highway. This is a true gem! And a fantastic investment opportunity! US$1,395,000 For more information, see https://TheRealEstate.net/costa-rica/property/apartment-building-for-sale-san-pedro/

Details
Number of Units: 16
Number of Bedrooms: 16
Number of Full Bathrooms: 16
Number of Rooms: 16
Number of Stories: 2
Total Interior Area: 700.00 m² (7,534.71 sq ft)
Total Lot Size: 662.00 m² (7,125.68 sq ft)
Construction Status: Completed
Construction Type: Concrete
Year Built: 2006
Appliances Included: Dryer, Refrigerator, Washing Machine
Air Condition: No
Furnished Type: Fully
Pool: No
Jacuzzi: No
Parking Type: Parking Lot
Number of Parking Spaces: 10
Telephone: Yes
Internet Types: Cable Internet
Television Types: High Def. Cable TV
BBQ: No
Geography
Location: San Pedro, San Pedro, Montes de Oca, San José, Costa Rica
Country: Costa Rica
State: San José
County: Montes de Oca
District: San Pedro
City/Town: San Pedro
Zip Code: 11501
Location Type: Urban
Geographic Type: Highland Forest
View Type: Garden View
Average Temperature: 24 °C (75 °F)
Features
Interior Features Included: Laundry Room
Exterior Features Included: Garden
Security Features: Gated Entrance
Infrastructure
Street Access Type: Paved Road
Type of Water: City Water
Type of Sewer: Public
Type of Internet: Cable Internet
Type of Television: Cable Television
Type of Electricity: Public
Telephone Available: Yes
Financial/Legal
Price per Air-Conditionable Living Area: $1,992.86/m2 ($185.14/sqft)
Price per Square Meter: $2,107.25/m2 ($195.77/sqft)
List Price: $1,395,000
Ownership Type: Legal Corporation

Print Listing

Agent Information

Sergio E. González

Broker

RE/MAX Executive Realty - San Jose, Escazu

Phone:
+506-2228-0200
:
+506-8820-4412
:
+506-2228-9747
Office Phone:
+506-2228-0200
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