Commercial property for sale in San José, Upala
Key facts
About this property
This property presents an excellent investment opportunity with two separate constructions divided by a central hallway, both built with block and cement on the first level. It has a frontage of 15 meters on a public street. The property consists of five fully rented apartments, generating nearly 1 million monthly in income, with potential for improvement. It is conveniently located near a park, church, Clínica Solón Nuñez, schools, and shopping centers. The main constructions have three electricity meters from CNFL and a new piped installation that was completed two years ago. There are also two water meters from AYA, with rental agreements including utilities. On the first level (left side), there are three bedrooms, a kitchen, a laundry area, and a shared bathroom, which currently does not generate income but could be utilized as a commercial space, featuring a metal curtain and a glass front wall. At the back, there are two apartments: one with two bedrooms and one bathroom, and another with two bedrooms and two bathrooms, each with a living-dining area, kitchen, and a laundry-patio area. On the second level, there is one apartment with a balcony, two bedrooms, a separate full bathroom, a living-dining area, kitchen, and a laundry room. On the right side, there is a single-level block construction with lightweight divisions, containing two apartments, each with its own electricity meter. Apartment #1 includes a living-dining area, two bedrooms, two bathrooms, a laundry room, and one parking space. Apartment #2 features a living-dining area, two bedrooms, one bathroom, and a laundry room. The average income per apartment is 260,000, leading to an annual yield of 11,775,000, which is nearly 1 million monthly, with the potential for improvement and a profitability of 8%. The price is $282,808 and is negotiable.
Description rewritten by costaricarealtor.com from the public listing. See the original source for full details and photos.
Location
San José, Upala, Alajuela · approximate location
