6-Bedroom Property for sale in San Rafael, Puriscal, Costa Rica
Key facts
About this property
Real Estate Investment in Escazú: Two Apartments with Immediate Rental Income in Trejos Montealegre This property in Trejos Montealegre, Escazú, offers a combination of immediate cash flow, a strategic location, and a below-market purchase price, making it a solid investment opportunity. Trejos Montealegre is recognized as one of the most exclusive neighborhoods in Escazú, known for its proximity to corporate centers, restaurants, hospitals, shopping areas, and prestigious educational institutions. This advantageous location ensures a strong rental demand and sustained property appreciation over time. Built in 2012, the property consists of three independent apartments, with two currently available for sale. This setup provides independence and flexibility, ideal for investors looking to diversify their income streams. The apartments have construction areas of 250 m² and 180 m², totaling 430 m². Each unit features three bedrooms, two and a half bathrooms, a functional kitchen, integrated living and dining areas, maid’s quarters with a private bathroom, and parking spaces. Both apartments include integrated water storage tanks and have no HOA or condominium fees, enhancing net profitability. Additionally, private community security is provided for residents' peace of mind. Both apartments are currently rented, allowing for immediate income generation: - Apartment 1: $1,200 per month - Apartment 2: Between $1,500 and $1,800 per month This results in an estimated monthly income of $2,700 to $3,000, translating to an estimated annual income of $32,400 to $36,000. The investment is particularly attractive due to its below-market price per square meter. The average price in the area is $1,200/m², while the offered price is $930/m², representing an approximate discount of 22.5% below market value. This price differential not only signifies a smart acquisition but also indicates significant potential for medium- and long-term appreciation. The asking price for both units is USD $400,000, with an estimated gross return between 8% and 9% annually. The income is dollar-denominated, making it suitable for financial diversification and inflation protection. The absence of condominium fees further increases net yield. Key benefits for investors include immediate cash flow from active lease agreements, a below-market purchase price, a prime location in a high-appreciation area, relatively recent construction, integrated water storage tanks, private community security, strong rental demand, and excellent potential for future appreciation. For investors seeking stability, profitability, and long-term capital growth, this property in Trejos Montealegre represents an exceptional opportunity.
Description rewritten by costaricarealtor.com from the public listing. See the original source for full details and photos.
Location
San Rafael, Puriscal, San José · approximate location
