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Triplex in Great Location for Rentals

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Property Description

This triplex is a wonderful find and a good investment allowing you to easily rent out a couple or all the apartments and have residual income. It is strategically located in a residential neighborhood near the Universidad Tecnica Particular de Loja, so you could rent to students or families. 


The first floor has the biggest apartment with four bedrooms, 3 bathrooms, a living and dining room, kitchen, and a back-patio area. It has spacious common areas.


The second-floor apartment is smaller and has two bedrooms, one bathroom, a kitchen, a living room, and a dining room. 


The third-floor apartment boasts the nicest finishes and would be ideal as an owner’s residence. It has three bedrooms, two bathrooms, a spacious kitchen with an island and it's made of granite, a small study, a living room, and a dining room. The bedrooms have great storage spaces with built-in wardrobes. The master bathroom has a huge jacuzzi tub which is not common in homes here. From several places in the house, like the kitchen and master bath, you can enjoy lovely views of the city and surrounding mountains. The landscapes here in the Andes mountains are breathtaking!


The total construction area of this triplex is about 500 square meters (5300 ft2) and it sits on a 450 square meter lot. It has a carport in the front as well.  


Price: $299,000


Property Data


Location: Loja, Ecuador

Lot Size: 450 m2 (4843 ft2)

Construction Area: Approx. 500 m2 (5300  ft2)

First Floor: 4 br / 3 ba

Second Floor - 2 br / 1 ba

Third Floor- 3 br / 2 ba

Population: 181,000 (city)

Altitude (city): 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: $5,300

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