Cash-Flow Generating Machine 12% Net ROI [Legal Daily Rental – Blux Building]

Medellin, Lalinde, El Poblado, Calle 12 #30- 126

Quick Summary

Property ID
PR1175833942
Price
COP295,000,000
Type:
Apartment
Status:
SOLD
Area:
38 m2
Rooms:
1
Beds:
1
Baths:
1.5
Parking:
1
Tax:
$200,000.00
HOA/Admin:
$190,000.00
Building Age:
8 years
Listing Date:
April 4, 2017

Property Description

For those investors looking for net cash on cash returns every month, the conversation turns to the type of investment that they should be acquiring, and when it narrows down to expected return, the ones that maximize your Return On Investment are daily rentals.

Now, you can’t run daily rentals in every building in Medellin; in fact, the government is making sure that this doesn’t happen illegally. So, how is it possible that we can do daily rentals within the legal framework? There’s two sides to that: the building bylaws (Blux) and the building operator (Casacol). If within the building bylaws it’s stated that it has either a hotel license or a vacation rental license (which Blux has), and if the building operator has a ministry of tourism license (which we do!), then we’re able to operate the building like a hotel, thus allowing us to do legal daily rentals.

The Blux is one of our five core buildings (in which we run legal daily rentals), and I, Tomas Eastman, manage around 45 apartments here, with an occupancy rate oscillating between 80%-95%. For management, we have two models: fixed income or variable with commission. For the fixed income (sent to your account every month) we’re estimating around $900 USD.

Only 8 minutes walking distance to Parque Lleras, it has the ideal location, because it’s far away enough that you’re in a quiet and residencial neighborhood, but close enough that you’re walking distance.

Re-sales in this building are rare, because clients are happy with their investments. So, if you’re interested in being a part of this investment model, don’t hesitate to shoot me an email, but do so quickly, because these units are very liquid!

Look forward to working with you on this one, and consequentially being your property manager!

Warmest regards,

Tomas Eastman

Property Features

  • 24 Hour Security
  • Building Age (5-10 years)
  • Close to public transport
  • Close to restaurants
  • Close to shopping
  • Close to supermarkets
  • Gym
  • Highly walkable location
  • Open concept kitchen
  • Pool
  • Roof terrace
  • Underground Parking

Map

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