4-Unit Apartment Building + More!
Information of the Property:
This is an ideally located apartment building with four spacious apartments, garage, and a commercial space. The entire building is a great investment to generate rental income! You could rent out all the units or live in one and live off the remaining rental income.
The first apartment features 3 bedrooms, 3.5 bathrooms, a living room, dining room, and kitchen.
The second apartment has 3 bedrooms, 2.5 bathrooms, a living room, kitchen, and dining room.
The third apartment features 3 bedrooms, 2.5 bathrooms, a dining room, kitchen, living room, and a laundry area.
The fourth apartment has 2 bedrooms, 2.5 bathrooms, a living room, dining room, kitchen, and laundry area.
There is also a large garage area with space to park five cars. In the garage there are two bathrooms and a small studio apartment with a living area, kitchen, and bathroom. This small apartment would be a great spot for a caretaker to live onsite or you could also rent it out. Right off the garage is a barbeque area and small garden space where you or tenants can plant flowers and vegetables.
There has been an increase of growth in this area, so it is becoming more and more sought-after as a place to live. Additionally, the neighborhood is very secure. The building is conveniently located right across the street from a children’s playground, just minutes away from some of Loja’s private clinics like San Augustin, and a short walk to Calle 24 de Mayo and other areas where you can enjoy great food and entertainment at theaters and museums.
Location: Loja, Ecuador
Lot Size: 250 m2 (2690 ft2)
Construction Size: 830 m2 (8934 ft2)
First Floor: 3 br / 4 ba
Second Floor: 3 br / 3 ba
Third Floor: 3 br / 3 ba
Four Floor: 2 br / 2 ba
Population: 181,000 (City)
Altitude (Loja): 2,060m (6,758ft)
Distance to Airport (Catamayo): 45 minutes by car
Distance to Vilcabamba: 45 minutes by car
Annual precipitation (Loja): 1,058 mm (41.65 in)
-Estimated Closing Costs: $8,300