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Buildings in San Juan | INCOME PROPERTY OF 15 APARTMENTS IN SAN JOSE (NHP-447)

$475,000.00
 (Reduced 5%)
 
8479 2384
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  • Category: Buildings
  • Date: 19/08/2019
  • Location: San Juan
  • Price: $475,000.00
     (Reduced 5%)
  • Price/m² of construction: $742.18
  • Price/m² of land: $680.51
  • Lot Size: 698
  • Address of Property: San Juan de Tibas
  • Year of construction: 1990
  • Stories: 2
  • Swimming pool: no
  • Bedrooms: 10
  • Bathrooms: 8
  • Parking: 7
  • M² of construction: 640
Benefits
  • Near Traffic
  • Laundry
  • Roofed Garage
Details ID.: 14115184 INCOME PROPERTY OF 15 APARTMENTS IN SAN JOSE (NHP-447)

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)

Description:

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.

Finance:

Gross rental income: 2,845,000 colones/month or 34,140,000 Colones/year (Aprox. $57.000)

Expenses:
- 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%

Transfer:

- 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.

PRICE: $475.000
Property No: NHP-447
Nuevos Horizontes Propiedades - Agent: Manuel Calvo
Phone US/Canada: 011-506-8479-2384
Phone other countries: +506-8479-2384

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8479 2384
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