Cash Flow-Generating Machine in Provenza (12% ROI)

Medellin, El Poblado, Las Lomas (Calle 11)

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 tomas@casacol.co 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

Contact Agent


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