Apartamentos Monte Alto: Investment Opportunity!

Highlights:

• Price recently reduced to $520,000
• Building is already making money ($48-55k per year).
• Availability for expansion and upgrades to generate additional income.

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 its 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.