Guadalupe: 24 Rented Apartments | 7.6 Million Monthly

Asking Price: US$1,700,000
Location: Guadalupe, Goicoechea, San José, Costa Rica

24 apartments, full reported occupancy, and 7,600,000 in monthly rental income. An attractive opportunity to acquire an income-producing residential building with existing tenants and an estimated gross annual rental yield of 11.71% on the asking price.

For investors seeking recurring rental income, this property offers an operating apartment building with multiple tenants and a financial profile that can be evaluated through its leases, collections, and expenses.

Based on the reported monthly rental income, its key investment figures are:

* Reported occupancy: 100%.
* Gross monthly rental income: 7,600,000, approximately US$16,594.
* Annualized gross rental income: 91,200,000, approximately US$199,127.
* Estimated gross annual rental yield: 11.71%.

The asking price represents approximately 8.5 years of gross rental income at the current level. This is a price-to-income comparison, rather than an estimate of the actual investment payback period, which depends on expenses, occupancy, and future collections.

Calculations use an exchange rate of 458 per US dollar and assume the reported monthly income remains unchanged. Figures are gross, before maintenance, management, taxes, insurance, vacancy, financing, and acquisition costs.

According to the appraisal provided, the property features:

* 732 m² of land.
* 24 apartments distributed across three levels.
* 1,428 m² of apartment building area.
* An 11 m² security booth, bringing the reported total building area to 1,439 m².
* 245 m² designated for parking.
* Approximately 32.43 meters of frontage.
* Nearly level terrain.
* Paved road access.
* A sidewalk, curb, and gutter along the frontage.
* Front gates and security grilles.

The apartment layout described in the appraisal includes a bedroom, bathroom, living room, dining area, kitchen, and laundry area, providing functional spaces for everyday residential use.

Documented construction features include concrete block walls, steel-and-concrete floor structures, ceramic tile flooring, gypsum ceilings, and aluminum-framed windows. The appraisal estimates the construction year as 2015.

Located in Guadalupe, the property offers access to public transportation, shops, schools, and healthcare services. These amenities contribute to everyday convenience for residents and complement the building’s residential appeal.

Having 24 apartments spreads rental income across multiple tenants while allowing management to be coordinated within one property. Buyers can evaluate an existing rental operation and assess its net performance using actual income and expense records.

An entire residential building with 24 rental units and 91.2 million in annualized gross income—a compelling opportunity to evaluate for your investment portfolio.

Request additional information and schedule a viewing to explore the property and review its leases, rental income, and operating expenses.

Villas Realty Group