Property Description

Located just 15 minutes from Albrook, this three-story residential building offers strong rental income potential in a convenient, well-connected area. Set on a paved street with flat terrain, the property’s mix of studio apartments on the ground floor and two-bedroom duplex apartments on the upper floors makes it an attractive option for those looking to capitalize on steady rental income. A separate small house is also included, offering additional flexibility and value. The property includes 8 apartments in total across 3 stories. On the ground floor, there are studio apartments, each with one bedroom and one bathroom. On the second and third floors, there are four duplex apartments, each with two bedrooms and two bathrooms. Additionally, a separate small house with a private patio and storage area is part of the property. The building features a shared laundry room equipped with washers and dryers, offering convenience for all tenants. Each apartment has one designated parking space. The property is fully enclosed, providing privacy and security for residents. This property generates approximately $70,000 annually in rental income. Operating costs range between $8,000 to $10,000 per year, covering maintenance, gardening, and other services. Insurance is approximately $900 annually, and property taxes are around $4,000 per year. The location of this building in Paraiso offers quick access to Albrook and surrounding areas. The thoughtful mix of studios and duplexes attracts a wide range of tenants, while the additional small house provides flexibility for extra income or private use.