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Outstanding Investment Property on Avenida Balboa 120309AVCR01
Date & Time Listed: 2012-03-12 15:39:07 (GMT)
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Ad Details:
LOCATION, LOCATION, LOCATION!
P.H. Parque Urracá,
Avenida Balboa, Bella Vista
SALE PRICE: $290,000
FINISHED SIZE: 280 m2 / 3,014 ft2
PRICE PER M2: $1,035.71
ZONING: MIXED USE
(OFFICE/RESIDENTIAL BUILDING)
BEDROOMS: 6
(INCLUDING MAID'S QUARTERS)
BATHROOMS: 3
MONTHLY REVENUE: $2,700 (AVG.)
MONTHLY MAINTENANCE: $220
MONTHLY UTILITIES: $260 (AVG.)
CLEANING EXPENSE: $80 x MONTH
PROPERTY TAXES: $944 x YEAR
NUMBER OF ELEVATORS: 1
PARKING SPOTS: 1
YEAR BUILT: 1964
Living Room / Den / Kitchen / Laundry area
Security Cameras on each floor / Security Guard 10pm - 6am / Large Community Park across the street / 6 Split Air Conditioners
The beauty of this Panama condo for sale is in its versatility.
This real estate investment in Panama can be used as residence or as a commercial property, due to the mixed-use zoning of the Building.
Currently, this sixth floor, six-bedroom, 3-bathroom, residential/commercial real estate is operated as a monthly, room rental to excellent tenants. It has been perfectly redistributed to provide six separate, secure living spaces. Each fully-equipped room is rented out individually for an average of $450, including utilities, cable TV and internet, providing a gross monthly income of $2,700, on average. Because of its excellent location on Avenida Balboa, it makes for a perfect office space.
If you desire, the property can be converted back to a single-family dwelling, providing a spacious 280 m2/3,014 ft2 of living space.
Being right across from the Cinta Costera means you, your tenants or your employees have quick and free access to both exercise and parking! There is plenty of street parking right around Parque Urracá and in the Cinta Costera parking lots.
The beautiful, lush open gardens in Parque Urracá provide plenty of space to relax, people watch or picnic.
The neighborhood is well-known for its fine dining and family restaurants, cafes, sports bars, clubs, etc., all within walking distance
Nearby Malls also host multiplex movie theaters, tons of fine shops, a kosher supermarket and more. You'll also be within minutes of 2 great hospitals, pharmacies, hypermarkets and more!
PROPERTY ID#: 120309AVCR01
Contact us today for a viewing.
Call +507.6150.5240 +507.6030.1165
Price: 290,000.00 USD
Keywords:
Bella Vista, Parque Urraca, Investment, Cash flow, Equity, Panama City Condo
For more details about this listing please click here to access the webpage provided by listing owner.
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