Commercial property for sale in San José, Upala

Key facts

About this property

This property presents an investment opportunity located in the heart of the university area in San Pedro de Montes de Oca. Currently, it generates a return on investment of 9%, providing a potential for monthly passive income. The two buildings, each with three floors, contain a total of 14 independent apartments and a storage room. Each apartment is equipped with its own bathroom and kitchen, along with shared laundry areas and all necessary services for comfortable living. Additionally, there are four parking spaces available for residents. The property offers a variety of apartment formats, ranging from individual studios to two-bedroom apartments, catering to the needs of various tenants. The estimated monthly income is $7,000, indicating significant income-generating potential. This area has consistently been profitable and busy due to the presence of the University of Costa Rica and the influx of students. The building is suitable for renovation to capitalize on the strong and steady market of university students seeking accommodation. This is a top-tier investment with substantial growth potential.

Description rewritten by costaricarealtor.com from the public listing. See the original source for full details and photos.

Location

San José, Upala, Alajuela · approximate location