Large Villa with Income Potential
With 7 bedrooms and a fruit orchard, this beautiful villa can be a wonderful private residence and/or a versatile bed and breakfast.
The current owners are operating the villa as a hosteria, and you can easily do so too. For instance, you can live in part of the villa and continue to rent out a few of the rooms to generate some lucrative income. Currently, the owners rent it for $220 a night on AirBnB, with an average monthly income of $6000. With this great income, the property brings in more than enough income to maintain itself plus providing extra for personal expenses. By investing in some improvements and perhaps adding a pool with an outdoor barbeque area, you could get a higher nightly rate.
One of the bedrooms has a balcony where you can enjoy spectacular views. Three of the seven bedrooms have bunk beds or multiple beds so you can host quite a few people here. The living and dining areas are spacious too. If you have a big family or are expecting houseguests, this is perfect!
The colonial-style architecture of the hacienda is absolutely enchanting with its center courtyard and fountain. Around the home are productive gardens and orchards with avocados, mangos, papayas, mandarins, guavas, guanabanas, tree tomatoes, aloe vera, beans, lettuce, and cassava. Just imagine going out and harvesting fresh fruit every morning straight from the trees! There is also a chicken coop and a storage shed.
With 6691 square meters (1.7 acres) of land, you have plenty of room to plant more gardens and add other features! The villa’s construction area is 349 square meters (3756 ft2).
It is located just two blocks from the center of the quaint town of San Pedro de la Bendita and boasts stunning views of the mountains around the Catamayo valley.
Location: San Pedro de Catamayo, Ecuador
Property Size: 6,691.14 m2 (1.7 acre)
Construction Area: 349 m2 (3756 ft2)
7 br / 3ba
Elevation (Town): 1,800 m (5904.5 ft2)
Population: (Town) 2,400
Distance to Loja: Approx. 48 minutes by car
Distance to the Airport (Catamayo): Approx 20 minutes by car
Annual precipitation (Catamayo): 681 mm (26.8 in)
-Estimated Closing costs: $8,000
* Much of Southern Ecuador experiences a rainy and a dry season. The dry season is approximately June through September, while the rainy season is approximately October through May.