Flamingo, Costa Rica area - walk-to-beach Multifamily / Boutique Hotel

Highlights:

• Passive Management or Live Onsite / Self-Manage
• Consistent Positive Cash-Flow
• Steps to the Beach
• High Growth Area
• High Tourism Area
• Full-Time Residents / Long Term Rentals
• Comepletly Renovated top to bottom with Quality Finishes

Description:

3 story building, approximately 5500sf under roof. 9 Bedrooms / 10 Bathrooms. Sleeps 20, (plus sofa beds add another 8 guests)

Currently run as AirBnB with great team involved - passive ownership, or be as active as you want. Can be run as long term luxury rentals, Boutique Hotel, Bed and Breakfast, Condos, or Family Beach Compound as well!

This is a newly completely renovated project with all modern, quality finishes and systems. Quality appliances, wifi door locks for remote control, exterior camera system, each unit has its own laundry, fully furnished and equipped with all supplies, onsite care-taker / guard casita...making ownership easy and as passive as an operator would like.

Our rental team is fantastic and keeps the place booked, and is very responsive. You can keep the current rental management team, caretaker, cleaning, repair and maintenance teams, or provide your own. Or, live in one unit or nearby and do much of it yourself. You decide.

Here are some of the property features:

• Garden, common area, pool, teak fenced perimeter

• All rooms Air Conditioned

• Third floor consists of one large penthouse of three / four bedrooms and three baths, large kitchen, laundry room, office area (4th bedroom), living room, dining room, and balcony. (Or can be a two bedroom, two bathroom unit plus a single bedroom unit with kitchen / living room.) Completely gutted and renovated as brand new. All new luxury finishes and products, electrical and plumbing, kitchens and baths, cabinetry, appliances, etc.

• Second floor consists of 2, 2 bedroom, 2 bathroom units, completely remodeled with all new luxury finishes and products, kitchens and baths, cabinetry, appliances, etc.

• First floor consists of a 1 bedroom, 1 bath ground floor (wheelchair accessible / ready) unit.

• Separate Office on 1st floor for owner use, real estate / tour business, storage, or for rent.

• Separate private Guard / Caretaker’s apartment with bathroom, kitchenette (or use as additional rental unit)

• Private pool and garden area with BBQ, siting area, small gym equipment, and garden.

• On site parking for 4-5 vehicles plus golf carts, etc. (Gated parking for 1-2 vehicles.)

• Building can be condo’d into individual units and sold as condos.

Great rental income over $100k net as long term rentals, and forecast for short term rental is higher.

Location Highlights:

• Quick walk to beach
(200 meters)
• Walk to super market and great restaurants

• 5 minute drive to Flamingo Marina, Surfside Potrero, Westin / Reserva Golf
• Club, Mar Vista, and multiple restaurants and beaches.

• 5 minute drive to La Paz School and CRIA school

• 45 minute drive to Liberia International Airport, Walmart, and Pricesmart stores.



Some Seller Financing Considered. Brokers Protected 3%.