Nuevos Horizontes Propiedades sells an investment/income property of 15 apartments with parking for 7 cars, located in San Juan de Tibas.
Land: 698m2 (7500 sq ft)
Construction: 540m2 (5800 sq ft)
Parking: 100m2 (1076 sq ft)
The property consists of two floors, all built in block in 1990.
Each apartment has a living/kitchen/dining room, laundry room and 1 bathroom.
There are 6 apartments with 2 bedrooms and 9 apartments with 1 bedroom.
Each apartment has its electricity and water meter. The rental price includes water, the tenant pays the other services on his own.
Gross rental income: 2,845,000 colones/month or 34,140,000 Colones/year (Aprox. $57.000)
- Real estate taxes: 300,000 Colones/year
- Corporate taxes: 118,000 Colones/year
- Income tax: 500,000 Colones/year
- Insurance (INS): 300,000 Colones/year
- Maintenance: 100,000 Colones/year
Net Return: 32,822,000 Colones/year
Annual ROI: 10.75%
- The property is in the name of a company.
- There is a rental contract with each tenant
- Meticulous accounting is maintained and tax returns are declared.
- Transfer of shares can be done
The property has potential for expansion, building more apartments above the parking area or on a 3th floor.
Property No: NHP-447
Nuevos Horizontes Propiedades - Agent: Manuel Calvo
Phone US/Canada: 011-506-8479-2384
Phone other countries: +506-8479-2384