Turnkey Blux Condo Hotel Investment [$190k USD]

Medellin, El Poblado, carrera 30 #10 -225, 00000

Quick Summary

Property ID
PR1071524345
Price
COP630,000,000
Type:
Apartment, Daily Rental
Status:
For Sale
Area:
74 m2
Rooms:
1
Beds:
1
Baths:
1.5
Tax:
$484,000.00
HOA/Admin:
$450,000.00
Building Age:
9 years
Listing Date:
June 26, 2019

Property Description

El Poblado is, and will continue to be for many years to come, the leading neighborhood when it comes to Foreign Direct Investment in Medellín. This is because, if say for example, you are going for the first time to New York City, the most likely place you immediately think of staying in is, you guessed it, Manhattan.

The same thing happens in Medellin. Most articles online, especially when referring to Medellin, will mention first and foremost the neighborhood of El Poblado, which is the safest and most ventured commune by international travelers in the city.

They will mention expats retiring in this neighborhood, tourism numbers surging higher each year, and a growing popularity amongst digital nomads, millennials and what we have come to refer to as the “airbnb generation”; ages 25-40, work remotely, make money online, & travel the world freely.

They have no attachments, and they have packed their lives into a couple of suitcases, rented a storage space back home, and now are snowbirds; fleeing cold winters and seeking warmer, more stable climates.

These wanderers are very tech-savvy, therefore they all require a reliable internet connection. They are networkers, so they want to rent in a place that will allow them to walk in order to connect to other like-minded individuals. Amenities are a huge component for them, pool and rooftop being some of the most preferred. They want to feel home, enjoy nice views, and get bang for their buck.

Fortunately, for any investor looking to get in on Medellín’s tourism explosion by renting legally to foreigners, Blux Apartamentos provides an outstanding opportunity to increase your investment capital by an average of 10% per year (appreciation).

Delicately designed dark wooden floors in the living room, balcony and second bedroom, with contrasting light gray in the second balcony and master bedroom. Dark gray porcelanato floors in the kitchen, playing an “opposites” dance with the modern indirect lights in the ceiling. A beautiful lush, unobstructed and natural view of the park in front, and a delightful cross-breeze that can be felt if you stand anywhere in the apartment.

Not to mention the monthly cashflow THIS unit generates, especially since it can be converted into an actual 2 bedroom/2full bathroom (today it’s a 1 1/2).

For your reference, a 2 bedroom can outperform a 1 bedroom by at least 20% with a minimum return for the conversion.

If you want to get the pro-forma & return on investment projections, as well as to see how SIMILAR units are performing in the building, send me an email to tomas@casacol.co.

I would suggest a phone call with me to discuss the 2 bedroom conversion, and the items the price does and does not include.

Look forward to talking soon!

Tomas Eastman

Property Features

  • 24 Hour Security
  • Air conditioning
  • Balcony
  • Building Age (5-10 years)
  • Close to public transport
  • Close to restaurants
  • Close to shopping
  • Close to supermarkets
  • Gym
  • Highly walkable location
  • Open concept kitchen
  • Pool
  • Roof terrace
  • Underground Parking
  • View Apartment

Contact Agent


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