Multiunit Apartment Building in Town - Properties - Invest Nicaragua

Multiunit Apartment Building in Town in San Juan Del Sur, Nicaragua

USD $239,000
Reduced from USD $289,000 (Discounted 17.30%)

9
5
137 m2
3000 sq ft
Property ID 14031

About the Property

Multiunit Apartment Building in Town

$239,000 USD reduced from $289,000 USD

This Multiunit Apartment Building in Town in the heart of San Juan del Sur, Nicaragua, is the perfect rental-driven investment to add to your real estate portfolio. Within walking distance of all the amenities town offers, this property has five distinct rental units that can be rented long-term, short-term, or any desired combination.

As we noted in our 2023 Real Estate Market Update, the rental market for short and long-term rentals has grown over the last 24 months.  This Multiunit Apartment Building in Town is the ideal property to take advantage of this growing market and offer rental units to tourists, remote workers, retirees, young couples, etc., looking to be close to town in a convenient location.

The three-level building has five independent units, all with their own entrances, high-speed internet, a/c units, bathrooms, and kitchenettes:

Ground Level

  • One studio apartment (400 sq ft)

Second Level

  • Two 2-bedrooms / 1 bathroom apartments with a washing machine & balcony (650 sq ft each)

Third Level

  • Two 2-bedrooms / 1 bathroom apartments with a washing machine & balcony (650 sq ft each)

Each unit has a clean & simple design and layout with lots of natural light. The apartments come fully furnished and 100% turnkey so that you can start renting immediately. Whether looking to live in one of the units and rent the others or work with a property manager and rent all the units, you can utilize the apartments in whatever structure fits your goals.

The excellent location of this Multiunit Apartment Building in Town allows you to be close to the town’s restaurants, bars, supermarkets, and retail without needing a vehicle.  Centrally located rental units in San Juan del Sur are in huge demand for both long and short-term rentals.  Take advantage of this rare opportunity and start collecting your rental income today!

 

Property Features

Air Conditioning
Balcony

Property Video

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