9 blocks from the beach
(Playa del Carmen,
- Turn it into hostel or a small hotel
- Type: Other
- Style: 3 Story
- Bedrooms: 6 "2 studios + 4 suites"
- Bathrooms: 6
- Garage: 4-Stalls
- Size: 7,000 sq. ft.
- Lot Type: Rectangular
- Suite: Potential
- Taxes: $3,000.00 MXN (2014)
- MLS #: PDC475
Fantastic investment opportunity in Playa del Carmen.
Below market value, Mixed commercial building with multiple condos and rental studios, this piece of Playa del Carmen real estate is excellent value.
Close to shopping and only 9 blocks to the beach.
Income earning property in the heart of Playa, this is a great opportunity to buy low and renovate.
Turn it into a Playa del Carmen international hostel or a small hotel.
Situated in the next area to be re-gentrified in Playa del Carmen, do not miss this opportunity before prices increase.
It is a three story building and now with the new building regulations you could add an extra floor and or a roof top pool.
Below is a list of how the rental suites are distributed.
2 large studio rental suites with kitchen
4 one bedroom suites with kitchens
Income is monthly is in excess of 4000.00 usd per month, which is earned in a semi passive way with very little effort.
Roll up your sleeves and put a little muscle into this property and marketing and it could be a gold mine.
Ask me how you can radically increase your bottom line. Add another floor and more rental studios, renovate with the intention of turning it into a hostel or hotel, use the empty ground level to make a restaurant, many many other ideas.
Low low property tax and low operating costs means you can make a good income on this.
Prop tax is 3000 pesos per year
A great building with :
7000 sq ft
garage for 4 cars
roof top deck
Call today to find out more !
Information is deemed to be correct but not guaranteed.