Stunning 4-Level Home with 2 Storefronts - Prime Investment Opportunity!
Welcome to Loja House, a remarkable property located at the intersection of Gran Colombia and Riobamba, offering the perfect blend of residential and commercial spaces. Situated in a highly convenient area, this property is in close proximity to essential amenities such as Hospital de Dia and El Tia Supermarket. With excellent transport links, being just 5 minutes from the terminal terrestrial bus station, Loja House is an exceptional investment opportunity that boasts a range of appealing features.
Spanning three floors of impressive construction, this property is generously equipped with 8 spacious bedrooms and 9 bathrooms, ensuring ample space and comfort for its residents. Additionally, there are 5 separate apartments, each providing an opportunity for consistent rental income. The fourth floor is primed for development, with three walls already in place, offering the perfect canvas for further expansion or customization to meet your needs.
The property's thoughtful design includes 4 washing machines, catering to the convenience of both tenants and owners alike. Notably, there are two offices/storefronts already in operation, generating additional monthly income. This dual-purpose characteristic is ideal for entrepreneurs seeking to establish a business while enjoying the benefits of living on-site.
Loja House is surrounded by a host of amenities that enhance its attractiveness. The prestigious Theater Benjamin and multiple banks are within easy reach, making daily errands a breeze. For families with children, schools are conveniently located nearby, providing peace of mind and accessibility to quality education.
Currently generating $950 in monthly income, the earning potential of this property is vast and could be further increased. The upstairs 3-bedroom unit, currently set up as an owner's suite, can be rented out to augment the rental income. Furthermore, the top floor, boasting ample space, could be transformed into a gym or recreational area, offering an exclusive feature for potential tenants or residents.
Location: Loja, Ecuador
Total area ize: 216,24 m2 (2327.58 ft2)
Construction Size: 467 m2 (5026.75 ft2)
8 br / 9 ba
Population: 181,000 (city)
Altitude (city): 2,060 m. (6758.53 ft)
Distance to Airport (Catamayo): 50 minutes by car
Distance to Vilcabamba: 45 minutes hour by car
Annual precipitation (Loja): 1,058mm (41.65 in)
-Estimated Closing Costs: $5,500
Loja, a small slow-paced city nestled in the foothills of the Andes Mountains, offers a unique set of lifestyle benefits at an extremely attractive value. The natural beauty of the surrounding area, temperate climate, and its safe, friendly, and relaxed atmosphere make Loja a wonderful place to settle. Read More >