730m² lot with 2 Bedroom home and 5 rental apartments in Flamingo

$750,000

Featured For Sale

Playa Flamingo

7493
Property ID

Multi Family Home, Hotel / B&B, Commercial, Residential
Property Type

Beach Town
Location Type

9
Bedrooms

6
Bathrooms

294
m2

730
Lot m2

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Featured For Sale

730m² lot with 2 Bedroom home and 5 rental apartments in Flamingo

Playa Flamingo

$750,000

Description

This 730m² property is located in Flamingo, just 5 minutes from the beach, offering a great combination of income potential and location. The property consists of two buildings, each with two floors.

The first building measures 164m². On the ground floor, there’s a one-bedroom apartment that needs some remodeling and has a multifunctional space. The upper floor features a house with 2.5 bedrooms, perfect for a family or additional rental income.

The second building includes four well-maintained apartments: two with two bedrooms and two with one bedroom. All the apartments are currently rented, providing a stable rental income.

The property is equipped with 5 electricity meters and 2 water meters, making it convenient for managing the different units. Additionally, there’s a 30m² storage shed in the garden, offering extra space for storage or future use.

This property is a solid investment opportunity, close to the beach and in a highly desirable area, ready to generate income from day one.