Development ready income producing apartment building in Jaco Beach
Development ready income producing apartment building in Jaco Beach
For Sale
US $650,000
For Sale
Click to see photos
Overview & Description
Property Features
Community Features
Overview
MLS ID: 37992
Price: US $650,000
Bedrooms: 6
Bathrooms: 5
Acre-Lot size: 5000 sq. ft.
Meters Squared Hectares: 454
Floor Size: 238 (m2)
Construction Area: 2616 (sq.ft.)
Parking: 3
Location: Central Pacific Beaches
City: Jaco Beach
Property Type: Commercial properties
Specific Property Type: Apartment Building income property
Property Description
Titled rental income producing apartment building in Jaco Beach. This rental income property is located in the heart of Jaco Beach and just a 5 min walk into town as well as steps from the beach this property is a diamond in the rough…
The rental income producing apartment building is currently serving as long term rental units but with great potential to capitalize on the short term rental market as is.
Maritime zone
Also, as you may know: fully titled beachfront real estate is a rare commodity in Costa Rica, any property 200 meters from the high-tide mark is the Maritime Zone and it is illegal to develop or build anything inside of it. This property is an exception to this law. Located inside the restricted-zone, this rental income producing apartment building in Jaco Beach was bought and correctly registered with the Costa Rican National Registry prior to the laws enactment. That means it can be bought, sold, and developed freely as fully titled beach adjacent property!
Boutique project
And to make it all the better if you’ve been dreaming of creating an income producing Oasis; the owners of the property have already created and permitted a residential low density boutique project design inspired by the Indonesian culture… (permitting would have to be re-done)
Interior Details
Interior Size: 3,498 sq ft
Bedrooms: 6
Bathrooms: 6
Laundry On Site: Washer/Dryer
Exterior Details
Lot Size: 5,000 sq ft
Roof: Tin
Sewer: Septic in and connected
Construction: Frame/wood/construction
Parking on Site: 3 car
Cooling: Electric Air-conditioning
Room Dimensions
UNIT 1: 1BD/1BA APT: 441 sq ft (41 m2)
UNIT 2: 1BD/1BA APT: 441 sq ft (41 m2)
UNIT 3: 2BD/2BA: 863 sq ft (80 m2)
UNIT 4: UPSTAIRS 1BD/1BA: 581 sq ft (54 m2)
UNIT 5: UPSTAIRS STUDIO: 290 sq ft (27 m2)
PARKING: 1506 sq ft (140 m2)
Contact me now to see this titled rental income producing apartment building in Jaco Beach.