PLANNED DAILY RENTAL CONVERSION! Striking Distance to Parque Lleras and Provenza

Medellin, Poblado, Tomatera

Quick Summary

Property ID
PR453272451
Price
COP600,000,000
Type:
Apartment
Status:
For Sale
Area:
120 m2
Rooms:
3
Beds:
3
Baths:
3
Parking:
1
Tax:
$600,000.00
HOA/Admin:
$566,000.00
Listing Date:
June 5, 2019

Property Description

This is a 3 bedroom apartment located in the neighborhood of Tomatera, which is 100 mts (328 Ft) away from Parque Lleras, where the best night clubs, restaurants and cafés are. The good thing is, it is far enough so you don´t get all the noise! It is also walking distance to one of the best and most recognized hospitals in Colombia: Clínica Medellín. There are a lot of foreigners that come to Medellín for medical procedures and in this hospital is where most of them are done! Last but not least, you have an Éxito supermarket within 2 blocks, gyms and shopping malls also within a 5-10 minute walk.

The building is a 28-year-old building that has 14 units. 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. Currently, we are managing 4 units in the building and there are other people who are managing 3 more. Thus, with this one and a couple more that will be sold in the next few months, we will be able to reach our goal. We have experience with this flip operation to daily rentals as we´ve done it already legally.

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.

We have achieved and renewed 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 discuss this possible investment/ home, you can reach 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
  • Underground Parking

Map

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