Move-In-Ready Property with Rental Income

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(Pending Sale)

 

In an ideal location just above town sits this 2,579-square-meter (0.64-acre) move-in-ready property with two houses, one of which is an income-generating duplex! It is walking distance to town at less than a 10-minute walk and less than a 5-minute drive to town.

 

It’s a fully landscaped property with beautiful gardens, vegetable beds, mature fruit trees, blackberry bushes, avocado trees, coffee, and bananas. You will be able to immediately start enjoying the fruit of the years it took to cultivate these lovely gardens! 

 

Enter the main house via the driveway or a walk-through gate at the garden entrance. This single-level main house has easy access and an open-concept floor plan between the kitchen and living room. Adjoining the living room is a covered patio and next to the kitchen is another patio area. The bedroom fits a king-sized bed, has a large closet, and patio access. The bathroom has two entrances so that it can be used from the bedroom or for visiting guests. There is a possibility to expand the house if you desire.

 

The two-story guest house/duplex has two separate units that have been rented out for years, generating steady residual income. The upper apartment boasts an open-concept living room, kitchen, and screened porch where you can see wonderful views, high ceilings, one bedroom, natural light and good air flow. The ground level apartment is a studio-style unit. It also has great lighting. With such a great location being slightly out of town, yet still within walking distance, these apartments are very desirable. 

 

There is an additional building site on the rear end of the property above the two other houses so you can build a more spacious home with some privacy from the other houses. This site has great views of Mandango, Vilcabamba, and the surrounding mountains! If you want, you can live in one unit while you build another house and then rent the extra apartment out. 

 

The main house’s interior size is 54 square meters (581 ft2) and 36 square meters (387 ft2) of outdoor living space with the covered patio. 

 

The guest house/duplex measures 120 square meters (1291 ft2) with an additional 64 square meters (689 ft2) of outdoor patio space and a storage room of 16 square meters (172 ft2).

 

Price: $215,000

Ref. LOJVIL101

Property Data

 

$215,000

Location: Vilcabamba, Loja, Ecuador

Property Size: 2,579m2  (0.64 acres)

Construction Area:

- Main House: 90m2 (968.7 ft2)

- Guest House: 200 m2 (2152 ft2)

Total 3br / 3 ba

Population: 5,000 (Town)

Altitude (Town): 1,525 m (5,000 ft.)

Distance to Vilcabamba: 5 minutes by car

Distance to Loja: 45 minutes by car

Distance to Airport (Catamayo): Approx. 75 minutes by car

Annual precipitation (Vilcabamba): 770mm (30.3 in)*

-Estimated Closing Costs: $4,200

*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.

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explore the area

 

Nestled under the watchful eye of its mythical mountain protector Mandango, lies world famous Vilcabamba.  Located just 45 minutes outside of Loja, with its idyllic climate, stunning natural beauty and mix of pueblo culture and global influence, Vilcabamba offers one of the most unique experiences in the world. Read More >