🏢 Exceptional 16-Unit Rental Complex for Sale – San Pedro Town, Ambergris Caye, Belize 🌴

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Price Drop

$ 975,000.00 USD

Property Type

Apartments

Description

🏢 Exceptional 16-Unit Rental Complex for Sale – San Pedro Town, Ambergris Caye, Belize 🌴 A Turnkey Investment with Excellent Cash Flow & Expansion Potential Immerse yourself in the vibrant island lifestyle while securing an outstanding income-producing investment! This exceptional 16-unit rental complex, plus 1 storage room, is ideally located just steps from Caribeña Lagoon, near the Back Gas Station, in the heart of San Pedro Town, Ambergris Caye, Belize. San Pedro continues to be one of Belize's fastest-growing municipalities, with a thriving tourism industry and a strong local economy. The island attracts a steady workforce year-round, creating a constant demand for quality long-term rental accommodations. This fully operational apartment complex offers immediate rental income while presenting an exciting opportunity to expand. The existing structure was engineered to accommodate two additional floors, allowing for the construction of up to 16 additional rental units, significantly increasing future cash flow and property value. 💰 Rental Income Current Rental Income Unit Type No. of Units Monthly Rent (BZD) Monthly Income (BZD) Upstairs Apartments (A/C) 8 $1,200 $9,600 Downstairs Apartments 4 $700 $2,800 Downstairs Apartments 3 $1,300 $3,900 Total Occupied Units 15 BZ$16,300 Current Gross Monthly Rental Income: BZ$16,300 (US$8,150) Additional Income Potential Two additional ground-floor spaces are currently not generating rental income: ✔ One unit is being used as a storage room. ✔ One unit is occupied rent-free by an employee. If both were rented at approximately BZ$700 (US$350) per month, the property could generate an additional BZ$1,400 (US$700) per month. Potential Gross Monthly Rental Income: BZ$17,700 (US$8,850) 📊 Monthly Operating Expenses ⚡ Electricity: The property is serviced by five electricity meters, with an average monthly electricity cost of approximately US$1,100. Ten tenants reimburse the owner US$62.50 per month each for electricity, generating US$625 per month. Net Electricity Cost: US$475/month 💧 Water The property is serviced by four water meters, with an average monthly water bill of approximately US$400. Each of the 16 tenants contributes US$12.50 per month toward water costs, generating US$200 per month. Net Water Cost: US$200/month 🛡️ Insurance Annual Premium: US$3,000 Monthly Equivalent: US$250 🏠 Property Tax Annual Property Tax: US$135 Monthly Equivalent: US$11.25 🌐 Internet Internet service is paid directly by the tenants. Owner's Monthly Cost: US$0 📈 Monthly Operating Summary Gross Monthly Rental Income: US$8,150 Operating Expenses • ⚡ Electricity (Net): US$475 • 💧 Water (Net): US$200 • 🛡️ Insurance: US$250 • 🏠 Property Tax: US$11.25 Total Monthly Operating Expenses: US$936.25 💵 Net Operating Income (NOI) Gross Monthly Rental Income: US$8,150.00 Less Operating Expenses: US$936.25 ✅ Net Monthly Operating Income: US$7,213.75 ✅ Annual Net Operating Income: US$86,565.00 📍 Prime Location The property enjoys an outstanding location within walking distance of many of San Pedro's essential amenities, including: ✔ Ambergris Hope Hospital ✔ Western Dairies ✔ Restaurants, cafés, and bars ✔ Grocery stores ✔ Schools ✔ Retail shops ✔ Public transportation ✔ Major employers Located on a newly paved road, the property offers excellent accessibility for tenants while enhancing long-term value and rental demand. 🚀 Incredible Expansion Opportunity One of the property's greatest advantages is its future development potential. The existing building was designed to accommodate two additional floors, creating the possibility of constructing up to 16 additional rental units. This offers investors a unique opportunity to substantially increase rental income and maximize their return on investment. 🎁 Seller Bonus The owner will provide a complimentary repainting of both the interior and exterior of the building once the parties have executed an Agreement for Sale and the initial deposit has been released to the seller. This added value ensures the property is delivered with a fresh, updated appearance at no additional cost to the buyer. 🌴 Why Invest in San Pedro, Ambergris Caye? San Pedro remains Belize's strongest real estate market and one of the Caribbean's most sought-after destinations. ✔ 🏝️ World-class tourism ✔ 📈 Strong appreciation potential ✔ 🏠 High rental demand ✔ 🛥️ Booming local economy ✔ 🌊 Beautiful Caribbean beaches ✔ 🐠 Home to the Belize Barrier Reef & Hol Chan Marine Reserve ✔ 🍽️ Outstanding restaurants, entertainment, and island lifestyle Whether you're expanding your investment portfolio or entering Belize's thriving real estate market for the first time, this property represents an exceptional opportunity. 📞 Schedule Your Private Viewing Today! Properties with strong cash flow and future expansion potential rarely become available in San Pedro. Let Edwardo negotiate this amazing investment opportunity on your behalf! 📧 admin@prestigebelize.com 📱 Belize: +501 610-5016 📱 USA: +1 (305) 909-9272 Call, WhatsApp, or email today to schedule a private viewing or submit your offer before this exceptional investment opportunity is gone! 🌴💰