Great Investment – An ENTIRE Apartment Building with Commercial Spaces
With a size of about 800 square meters (8611ft2), this apartment building is a great investment! There are 10 one-bedroom apartments, a spacious 5-bedroom apartment extending through the entire second floor, 6 commercial units on the street level, an open-air terrace, and a garage.
The apartment on the second level extends throughout the whole level and as such, has lots of space! There are 5 bedrooms – one is a master bedroom with its own bathroom, one a smaller-sized bedroom that could be a study, and 3 other bedrooms that share a bathroom. It has a huge kitchen, dining room, TV room, living room, guest bathroom, and its own private patio area. Throughout this apartment you will find quality finishes such as granite countertops and hard wood cedar doors.
The third floor has 10 small apartments, each with a bedroom, kitchen, and bathroom. The fourth floor has a spacious open-air terrace and a laundry area.
The first floor holds 6 commercial storefront spaces each with a bathroom. On this ground level there is also a garage that can fit at least 4 cars and it has its own bathroom.
The building is equipped with a security system with cameras, motion-sensing lights, an electric gate, and each floor has individual electricity. The size of the lot is 323 square meters (3476ft2).
This property has lots of income potential with its variety of units. If you are looking for a property to invest in as a rental property, look no further! Make it yours today!
Location: Loja, Ecuador
Construction Area: 800 m2
-Commercial units: 6
-Generates around $19,000 profit per year.
Population: 181,000 (City)
Altitude (Loja): 2,060m (6,758ft)
Distance to Airport (Catamayo): 40 minutes by car
Distance to Vilcabamba: 45 minutes by car
Annual precipitation (Loja): 1,058mm (41.65 in)
-Estimated Closing Costs: $8,000