Property Type: Property Land ( Eigendom)
Address: Sabana Blanco #18
Land size: 1927 m2
Built size: 1332 m2
Apartment Complex: (13) apartments total.
9– apartments with two bedrooms + 1,1/2 bathrooms.
3– apartments of 1 bedroom + 1 bathroom.
1– studio apartment + 1 bathroom
2– office rent + 1 bathroom in the front of the main building.
Includes; Porch/entree, living area, kitchen, adjoining dining room, tv room, toilet, staircase-hall, balcony, back patio, A/C’s installed, Parking Space, laundry room, etc.
This amazing property, an apartment complex is located in Sabana Blanco, Oranjestad. The plot is less than 2 minutes drive from the airport and from the main road Oranjestad – San Nicolas. On a paved side road from the road airport to Cumana (future ring road). At the front ample parking. It is located in front of Garage Central.
Is it a profitable investment all year round? Since it has 13 apartments that will increase your annual earnings+ 2 office rent + 1 bathroom and is located at the front of the main building. Currently, the state of maintenance of the apartments is in reasonably good condition. No serious structural defects have been found in the building of the property, only some wear and tear as a result of normal use and the age of the property.
The property can generate a total rental income between Awg: 16.000= monthly. Looking at its value market Value of Awg: 2.775.000= and its execution value of Awg: 2.220.000= makes this property a steal for Awg: 1.950.000=
After careful consideration of the above data and factors, taking into account the leasing capacity, and assuming that the current downward pressure on the free market value of real estate due to the Covid-19 Virus conditions, will not have a significant long-term effect on the market. The property is located on a paved and lighted road that is an offshoot of the main Oranjestad.
This is your great opportunity to invest in real estate, to expand to a higher level…!!!
Price : Awg: 1.950.000 / U$D: 1.114.285
Listing Agent: Aurora or Raymond Tromp