Overview
- Updated On:
- October 4, 2023
- - Bedrooms
- 6 Bathrooms
- Year Built: 2009
Description
Seller is offering a fixed 5% Interest rate over a 20 year term with a $150K down payment. You will not get better terms anywhere!
Tenants include a Dentist Office (33.5 M2), Hair Salon (48.5 M2), Masseuse (48.5 M2), Property Management Company (33.5 M2), Sushi Restaurant (55 M2), Grocery Store (193 M2), and Real Estate Brokerage (25 M2). Rents are currently below normal do to the ripple effect of the US housing market crash. The Pendulum is now swinging the other way and investors, retirees and second home buyers have renewed interest in the area. The Costa Rica real estate market is regaining it’s strength. This in an extremely solid investment. Top floor restaurant & terrace (available) has 1959 SF of indoor space and 2150 SF of outdoor space. This space could also be converted into a private 4 bedroom luxury condo with a private elevator. Restaurant has central air conditioning installed. Current Cap rate is at 9%. Cap rate should return to 12-14% over the next 1-2 years.
SELLER FINANCING AVAILABLE! As little as 18% Down Payment(100K), 20 Year term, and 5% Interest Rate!
Located in Playa Potrero. Vista Verde is located in the Surfside Estates community of Playa Potrero. Potrero is just north of Playa Flamingo on the road to Las Catalinas. Area is drastically changing with renewed interest from American and Canadian investors. Main road was just paved going through Potrero. This alone is going to bring new home buyers and investors to the area.
Unit Sizes / Rental Rates:
Unit 1: 55m2 / 592 SF (Tobico Sushi)
Unit 2: 193m2 / 2077 SF (Super Plaza Verde Grocery Store)
Unit 3: 25m2 / 269 SF (Krain Costa Rica)
Unit 4: 25m2 / 269 SF (common area kitchen / available)
Unit 5: 33.5m2 / 360 SF (Dentist)
Unit 6: 48.5m2 / 522 SF (Beauty Salon)
Unit 7: 48.5m2 / 522 SF (Masseuse)
Unit 8: 33.5m2 / 360 SF (House of Rentals)
Unit 9: 25m2 269 SF (Available)
Unit 10: 382m2 / 4110 SF Total (Inside & Outside) 182m2 / 1959 SF (inside) & 200m2 / 2151 SF (outside) / R
