One Bedroom Apartment With Unique Location in Provenza [SOON DAILY RENTAL CONVERSION!]

Medellin, Poblado, Provenza

Quick Summary

Property ID
PR1639406927
Price
COP450,000,000
Type:
Apartment
Status:
For Sale
Area:
74 m2
Rooms:
1
Baths:
2
Parking:
1
Tax:
$567,000.00
HOA/Admin:
$448,000.00
Listing Date:
July 31, 2019

Property Description

One bedroom condo with incredible rental potential! Highlighting a relaxing and comfortable space, well illuminated and natural ventilation, keeping the apartment fresh. Located in PROVENZA where you´ll find the best restaurants in the city, bars, nightlife, groceries, gyms, cinema, and convenient sites just in walking distance. Nothing better than a good short walk to your favorite places.
A suitable apartment for rentals!

PLANNED DAILY RENTAL CONVERSION! August 12 will be the date for the decision!

Here, the law states that if 70% or more of the owners agree to change the minimum rental policy, it can be turned from monthly rentals to DAILY rentals.

The building consists of 25+ residential apartments. The vast majority of these units are now owned by 1) investors or 2) residents who are open to changing the by-laws of the building to accommodate daily rentals.
Casacol has recently presented at gatherings of the HOA annual general meeting and monthly council meetings to discuss the evolution of the sector, tourism in Medellin and the opportunity for current and new investors in the building.

Once the conversion to daily rental operation is a success, the Casacol legal team will guide the owners through the process of registration and compliance with the National Tourism Registry.

Casacol has achieved and renews more than 150 RNT certificates for other properties in the area on an annual basis. Aside from the paperwork required, the process entails the installation of fire suppression/detection equipment, first aid kits, among a checklist of some 100 items that we assist our investors with ease.

If you want to know more about this operation I can share with you a presentation and Pro-forma. Just let me know!

Any further question contact me at daniel@casacol.co

Property Features

  • 24 Hour Security
  • Balcony
  • Close to public transport
  • Close to restaurants
  • Close to shopping
  • Close to supermarkets
  • Highly walkable location
  • Open concept kitchen
  • Roof terrace
  • Underground Parking
  • View Apartment

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