About this property:
Incredible investment opportunity in the heart of Managua's safest and most prestigious neighborhood, El Carmen Park. We are pleased to present an 11-unit building that is now available for sale, offering an ideal location and a host of amenities that make it a standout property.
Location:Situated just across from El Carmen Park, where the President of Nicaragua resides, this location is synonymous with safety and tranquility. The entire neighborhood is known for its cleanliness, security, and overall quality of life, making it the perfect place to reside during your stay in Managua.
Property Details:This three-level building boasts a total of 11 units, including 10 studio apartments and one spacious two-bedroom penthouse. The property sits on a generous half-acre lot, with only half of it currently developed. This leaves ample room for your imagination – you could opt to construct a second building to expand your rental portfolio or create a serene oasis with a pool and beautifully landscaped garden for the residents to enjoy.
Amenities:Each of the apartments is thoughtfully designed and fully equipped for modern living. Features include air conditioning, hot water systems, and a comprehensive kitchen setup with an oven, microwave, air extractor, coffee maker, and more. Additionally, every unit offers a private terrace, providing the perfect space for lounging and relaxation. By adding lounge chairs to these terraces, you can enhance the overall appeal and potentially increase rental occupancy.
Income and Occupancy:The building is currently generating a steady stream of income, a testament to its attractiveness and the high demand for rentals in this desirable location. As of September 2023, there are only two units available, showcasing its strong rental history and potential for continued success.
This 11-unit building represents an outstanding investment opportunity in a prime location, offering both immediate rental income and exciting potential for further development. Don't miss your chance to own a piece of this exclusive and secure neighborhood. Contact us today to schedule a viewing and explore this exceptional property further.