8 UNIT APARTMENT COMPLEX, SAN PEDRO TOWN

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Price Drop

$ 510,000.00 USD

Property Type

Apartments

Description

Was for $525,000 USD now for $510,000 USD Welcome to this incredible investment opportunity in San Pedro, Ambergris Caye, Belize, one of the Caribbean’s premier tourist destinations. Presenting an impressive 8-unit apartment complex in the highly sought-after DFC area, this property offers both immediate rental income and tremendous potential for future growth. Currently, the complex is fully occupied with long-term tenants, generating a substantial gross monthly income of $4,300 USD. The apartments are divided into two categories, with 3 semi-furnished units (with AC) commanding a monthly rental income of $600 USD each, and 5 unfurnished units (without AC) generating $500 USD monthly each. Each apartment boasts generous dimensions, measuring approximately 15 feet by 32 feet, complemented by front and back verandas spanning 4 feet by 15 feet. The overall building dimensions are an impressive 40 feet by 60 feet. Inside, each unit features a well-appointed living area, kitchen area, a comfortable bedroom, and a full bathroom. The two-storey structure has been thoughtfully constructed to support the addition of a third floor, allowing for the potential inclusion of 4 additional units. Notably, each apartment has its own electricity meter, while every two apartments share a single water meter. Tenants are responsible for their own utility payments. Built in 2019, this concrete-block property boasts a sturdy construction with a concrete roof and ceramic-tiled floors. It has been impeccably maintained and is in excellent condition. The property itself spans approximately 50 feet of road frontage by 70 feet, offering convenient access to essential services such as internet, water, electricity, and reliable cell phone coverage. Unlocking its true income potential, this property presents an excellent opportunity to tap into the lucrative short-term rental market, particularly through platforms like Airbnb & Booking.com. With an estimated minimum rental rate of $40 USD per night and a conservative occupancy rate of 70% per month, the potential monthly can be potentially increased to about $6,720.00 USD. Don’t miss your chance to invest in this exceptional property in San Pedro, Ambergris Caye. With its attractive rental income, expansion possibilities, and strategic location in a thriving tourist hotspot, this apartment complex promises both immediate returns and long-term prosperity. Secure your slice of this lucrative market and make your mark in paradise today. Google Location: https://maps.app.goo.gl/fkH5wZ4vDyZk3MVV8 Contact Edwardo at admin@prestigebelize.com or via WhatsApp/regular call at +501 610 5016 or +1 305 909 9272 to schedule a viewing or make an offer today

8 UNIT APARTMENT COMPLEX, SAN PEDRO TOWN

Price Drop

$ 510,000.00 USD

Property Type

Description

Amenities

Location

San Pedro

Agent

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