- Property ID
- For Sale
- 61.28 m2
- Listing Date:
- November 13, 2019
Wall Apartamentos is a project in which we are partnering on backed by an American real estate private equity firm. We think it represents unique value to our clients, even though it is not a typical Casacol development.
In this case, this one bedroom apartment, located on the second-to-last floor of the building, just came on the market for $490,000,000 COP (only $143,000 USD).
The project will be the equivalent in the future of what Nueva Alejandria is today, as it’s well located, centralized, only steps from tesoro mall, Casacol will manage our investor’s apartments, and we’ll have dedicated services for the building.
Key highlights (read more below):
1) Special zoning for small units in a market where small apartments in Poblado are in short supply (and should appreciate above market average).
2) EARLY pre-construction pricing means you have minimal cash outlay while you take the upside of appreciation until completion.
3) The project to be managed by Casacol as MONTHLY rentals upon completion.
We have a lot of clients who are looking for pre-construction in Medellin either to 1) spread their cash flow over time, or 2) capture appreciation with minimal cash outlay. We believe this unit will accomplish that, plus also provide a second home in Medellin for those investors looking to stay for more than 6 months.
Construction started November of last year and things are on track for completion Q1 of 2021.
Since this is a pre-construction deal, you don’t have to put up 100% of the capital. Rather, you’ll be making a deposit of roughly $25,000 USD, and monthly payments of close to $1,500 USD/month.
Lastly, in addition to the apartment, you also get included a brand-new, fully electric bike with gears model 2021.
Please contact me if you’re in Medellin and would like to see the newly finished model suite in person or set up a remote conference call to discuss details if you like.
Once again, we hope you like the opportunity and we genuinely think there is unique market positioning with this project.
P.S.: the photos in this listing are the references of the model unit.
- 24 Hour Security
- Air conditioning
- Close to public transport
- Close to restaurants
- Close to shopping
- Close to supermarkets
- Highly walkable location
- New building (0-5 years)
- Open concept kitchen
- Underground Parking
- View Apartment