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Two Apartment Investment Property 9% ROI
$99,000
For sale ● Verified 1d ago

Commercial property for sale in San José, Upala

San José, Upala, Alajuela
4
Beds
4
Baths
120
m² built
295
m² lot

Key facts

Property type
Commercial
Price / m²
$825
Lot size
295 m²

Features & amenities

Ceramic FloorsCity waterLaundry RoomLiving-Dining combinedPatioPaved AccessTitledUnfurnishedVacant

About this property

This two-story building near Escuela de Los Sitios de Moravia presents an investment opportunity with a return on investment of 10.18%. The property features two identical apartments, making it suitable for investors or families in search of a comfortable living space. Each apartment includes two bedrooms, two bathrooms, a functional kitchen, a bright living and dining area, and a laundry room, ensuring a practical lifestyle. The layout of each apartment is designed to optimize space and comfort, with well-distributed bathrooms that provide privacy. The kitchen and living area create a welcoming environment for family gatherings. Access to the apartments involves descending some steps due to the property's slope, which adds character and a sense of intimacy. An indoor garage is included, offering security and convenience for vehicles, a notable benefit in urban settings. The building is situated on a quiet cul-de-sac, providing a peaceful and secure atmosphere, ideal for families. It features a 10-meter frontage, allowing for good accessibility and additional parking space. Currently, one apartment is rented for $420 per month, presenting an excellent passive income opportunity. The second apartment is available for potential buyers to visit and assess without restrictions. With both apartments rented at $420 each, the property offers a competitive ROI of 10.18%, making it an appealing option for investors. Located in a quiet neighborhood with paved streets, the property is conveniently close to a school and bus stops, enhancing accessibility for families with children or those who use public transportation.

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

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