Overview
- Updated On:
- May 10, 2023
- 26 Bedrooms
- 14 Bathrooms
- 506 m2
- Year Built: 2010
Description
Fantastic investment opportunity! 12 Apartments and 2 houses on two side by side lots in
Villarreal! Total lot size of 1,523m2 (16,400sqft) 5 minutes to popular Playa Tamarindo, and
walking distance to all amenities in Villarreal.
The building consists of 10, 2 bedrooms and 2, 1 bedroom apartments on the 523.60m2 lot and
2, 2 bedroom houses on the 1000m2 lot. The fully fenced houses are built to one end leaving
2/3 of the lot undeveloped and ready for expansion. This is a great added bonus for investors
with vision. More condos, houses or even an in ground pool, to increase the rental value per
suite and the overall value of the property! In itâs current condition, at full rental capacity the
building generates approximately $48K-$55K per year. A solid return on investment!
Villarreal is within a 10-20 min. drive to numerous world class Costa Rican surf beaches,
national parks, 5 minutes to Tamarindo and only 45min to the international airport in Liberia.
Take advantage of the temporary boarder closure and lock in this investment property.
