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Development ready income producing apartment building in Jaco Beach For Sale

US $650,000
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  • 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.

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