Money-Making View Condo in Energy Living

Medellin, El Poblado, carrera 30 #10 -225, 0000

Quick Summary

Property ID
PR584821826
Price
COP550,000,000
Type:
Apartment, Daily Rental
Status:
For Sale
Area:
53 m2
Rooms:
1
Beds:
1
Baths:
1.5
Parking:
1
Building Age:
3 years
Listing Date:
September 4, 2019

Property Description

In 2017, the iconic Energy Living building won “Architectural Project of the Year” for Latin America, putting it on the radar for media from all around the world to speak about it.

Since its earliest conception, it has attracted the keen eyes of both foreigners and Colombians alike. It’s a special building with a unique magnetism, with outstanding next-level design, and which currently holds the record as one of the top-performing buildings for daily rentals in Medellin, as it attracts a sophisticated and young type of crowd, willing to pay top-dollar for a 5-star experience.

Its rooftop infinity pool and jacuzzi provide a magical view of the city, both during the day and night, with an almost 360 degree scope from north to south, from east to west, from mountain-side to city center.

This one bedroom condo, modern, well-lit, with floor-to-ceiling windows, wooden-colored porcelanato floors, open-concept kitchen, built-in refrigerator/freezer, and a significant rental potential, is the perfect investment for those clients looking to get into the Medellin Real Estate market, accumulate wealth, create a stable passive income stream, and own a second home in one of the most coveted pieces of real estate in the South American continent.

All for just under $160,000 USD (furniture included – although the unit would do MUCH better with minor touch-ups and a little bit of love here and there).

We have calculated a potential net ROI orbiting the 9-10% range at this value (considering already a conservative touch-up value). If you’d like to see where this calculation comes from, shoot me an email at tomas@casacol.co and I’ll share it with you.

And, as the US dollar is at its highest point in history vs the COP, those investors looking to pull the trigger can take advantage of an additional return on investment, called “geo-arbitrage”. If the peso gains strength against the USD in the future, this can account for an extra 20-25% return on the value of the property. And we haven’t even considered future property appreciation.

Look forward to making this dream come true for you.

Tomas Eastman

(+57)3116711475

Property Features

  • 24 Hour Security
  • Close to public transport
  • Close to restaurants
  • Close to shopping
  • Close to supermarkets
  • Furnished Sale
  • Gym
  • Highly walkable location
  • New building (0-5 years)
  • Open concept kitchen
  • Pool
  • Roof terrace
  • Underground Parking
  • View Apartment

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