Price: 800,000 USD
This is a apartment for sale with 1 bathrooms and 1 bedrooms on 630.00 m2. The area of the land is: 450.00 m2. This property has the following features:
Furnished,
Appliances,
Parking.
The price of this real estate is: 800,000 USD.
15 1bed 1bath bread and butter units located only a few blocks from the Tourist Zone of Cabo San Lucas. This area is always in demand as renters can walk to town and avoid traffic and taxi hassles which now plague Cabo. 12 of the units are located in one, two-story building and the other 3 units are located around the corner and are individual condos. The 12 unit building is ten years old, has separate electric meters and 1 water meter. All units are furnished and include bedroom closets, shower, 2 burner electric stoves, fridge, kitchen cabinets, electric hot water heaters and window a/c. All units are in good to excellent condition. The exterior of the building needs paint and the garden area needs TLC. The other 3 condo units have just been remodeled and are in excellent condition featuring new everything plus mini-split a/c in both rooms. The condos are located in a building which is also 10 years old and is in very good condition. The walk from the units to CaboWabo is approx 5 minutes. Cash flows at slightly over 6k/month as is. There will be tons of upside as market recovers. All cash or OWC with 50% down, 10 years at 6.5% int or roughly $4500/month.
Property Details
Location |
Cabo San Lucas, MX |
Property type |
Apartment for Sale |
Number of Bedrooms |
1 |
Number of Bathrooms |
1 |
Date Posted |
2009-04-01 23:23:48 |
Last Changed |
2009-04-01 00:00:00 |
Built area |
630.00 m2 |
Land area |
450.00 m2 |
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