Cash Flow-Generating Machine in Provenza (12% ROI)
Quick Summary
- Property ID
- PR53332378
- Price
- COP280,000,000
- Type:
- Apartment
- Status:
- SOLD
- Area:
- 87 m2
- Rooms:
- 2
- Beds:
- 2
- Baths:
- 2
- Parking:
- 1
- Tax:
- $200,000.00
- HOA/Admin:
- $270,000.00
- Building Age:
- 25 years
- Listing Date:
- January 13, 2017
Property Description
*Click on the link for photos*
For investors looking for the best bang for their buck, this older and newly remodeled apartment presents the perfect opportunity. Every week, I scout the local market for the best opportunities for our investors, with two criteria in mind:
- Location
- Price per square meter
This week, this was the find. It’s an apartment located in Las Lomas (map here), only a couple of minutes walking distance from parque Lleras. With only a paint job, bedroom separations, furniture and some bathroom updates needed, this is a chance for investors looking for low acquisition price (rare in El Poblado) and high monthly income.
Taking a $1,000 – $1,200 USD expected rental range, we’re looking at 10%-12% ROI.
Feel free to contact me directly at [email protected] and we’ll coordinate a meeting to discuss this property!
Property Features
- Close to public transport
- Close to restaurants
- Close to shopping
- Close to supermarkets
- Highly walkable location
- Open concept kitchen