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$ 300,000
Est. payment /mo
Price Dropped by $100K
Carretera a Guayabo (Ruta Nacional 209) Colón, SanJose 10701
6,996 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,996 sqft
Price per Sqft $42
Subdivision Https://Maps.App.Goo.Gl/B4Mzazsa8Qh2Zkv47?G_St=Ic
MLS Listing ID CR26010469M
Year Built 2012
Lot Size 10,763 Sqft
Property Sub-Type Commercial
Land Area 650
Property Description
A private residential complex consisting of five apartments is offered for sale in Ciudad Colón, Costa Rica. This property is ideal for investors seeking an income-producing asset with currently occupied units and active leases. The complex comprises five two-story apartments: two units with two bedrooms and three units with one bedroom. Each apartment has one full bathroom, functional living spaces, and a layout designed to meet the area's residential rental demand. The property also features a spacious shared outdoor parking area for residents, direct access from a main road, and a private setting that allows the entire complex to be managed as a single investment. The property is offered at US$300,000 and generates an estimated gross annual income of US$34,135. After applying an estimated effective tax rate of 12.75%, equivalent to approximately US$4,352.21 per year, the projected annual income after taxes is US$29,782.79. Based on the stated sale price, the property offers an estimated after-tax return of approximately 9.93% per year, making it an attractive opportunity for investors looking to expand or diversify their real estate portfolio with an established income stream and potential for long-term appreciation. Its strategic location is another significant advantage: the complex is approximately five minutes from downtown Ciudad Colón, 10 minutes from Santa Ana, and 15 minutes from Escazú, with convenient access to supermarkets, shops, educational institutions, healthcare services, restaurants, public transportation, and major roads. Ciudad Colón is known for its pleasant residential atmosphere, proximity to important business centers, and growing demand for rental properties, factors that support strong occupancy and long-term investment stability. By combining five residential units within a single property, active rental income, a strategic location, and efficient management, this complex represents a solid opportunity for residential investment and long-term income generation. All income, tax, and return figures are estimates based on the information currently available and should be verified through lease agreements, financial documentation, and the corresponding due diligence process.
Location
State SanJose
County Mora
Interior
Furnishings Unfurnished
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
View Panoramic
Total Parking Spaces 10
Building
Story 2
Water Public
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