Playa Del Carmen Real Estate
 
Best investment properties in Riviera Maya Mexico for Playa del Carmen Tulum Akumal Puerto Aventuras

Central Playa del Carmen Central (Playa del Carmen, Quintana Roo, MX - 77710) Built

$489,000
Well rented apartment building

Living Riviera Maya Real Estate

Judi Shaw Judi Shaw 1 800 441 3275 (Office) 1 604 628 7247 (Office) +521 984 116 3251 (Cell) Request More Info

  • 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.
  • Development Level: Built
  • Lot Type: Rectangular
  • Suite: Potential
  • Taxes: $3,000.00 MXN (2014)
  • MLS #: PDC475

Description

Be a visionary.
****Take advantage of new building regulations and add a whole extra floor with more suites and then pool on top****
Fantastic investment opportunity in Playa del Carmen.
Below market value.
This apartment building for sale in Playa del Carmen is zoned so that it can be commercial usage and residential.
Currently is in residential use as apartments only. The zoning that allows for commercial space makes this even more valuable as an investment in Playa del Carmen .
This piece of Playa del Carmen real estate is excellent value.
Close to supermarket, walk to beach, in anup and coming area, participate in the regentrification and repurposing of areas of Playa del Carmen. Dont buy overpriced already repurposed buildings- buy a property that will grow in value with a little work and a big vision.

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.

Ground floor has a large 1 bedroom suite. Usually rented long term for 12 month contracts currently at $10,000.00 mxn.

First floor has 2 apartments.
-Apartment 2A is a large 1 bedroom apartment of 1200 sq ft. Rents at $12,500.00 mxn per month, on long term contract. Renters pay electric.
-Apartment 2B is a large studio suite that rents at $9000.00 mxn per month, on long term contract. Renters pay electric.

Second floor has 2 apartments
3A is a large 1 bedroom of 1200 sq ft that rents for $12,5000 mxn per month on long term contract. Renters pay electric.
3B is a large s a large studio suite that rents at $9,000.00 mxn per month, on long term contract. Renters pay electric.

There is a roof top apartment with one bedroom and a wonderful view. Rents between $10,000.00-$12,000,00 mxn per month long term. Renters pay electric.
Currently rented at $10,000.00 mxn per month.

Total income is $61,000.00 mxn per month and almost no expenses of management or maintenace. See below for detailed explanation.

Roof top has additional space that can be extra rooms or a pool.
****Take advantage of new building regulations and add a whole extra floor with more suites and then pool on top****

Low operating and maintenance costs makes this a very worthy investment in Playa del Carmen.
Under 500 usd in repairs last few years.
Low property taxes of approx 266 usd per year, depending on exchange rate.
Gas for hot water for the whole building is approximately 70 usd per month. Again I repeat, this is for the whole building.
Water for the whole building is $280 MXN per month. For the whole building.
Only the roof top is on common billing cycle and it is billed at approximately $450.00 MXN per month.

Roll up your sleeves and put a little muscle into this property and marketing and it could be a gold mine. Want to run a small hotel ? want to improve the rooms and keep it as an apartment building ? Keep it as it is, either way you make money immediately when buying this investment property in Playa del Carmen

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

Price
489,000.00 usd

Call today to find out more !

Attachments

P2#164491687
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Information is deemed to be correct but not guaranteed.