For Sale, Playa Conchal, Playa Flamingo, Tamarindo $5,500,000 - All Properties, Condos
!! RARELY AVAILABLE !!
MULTI-UNIT INVESTMENT PROPERTY
PRICED BELOW MARKET VALUE!!
LA MERIDIANA CONDOMINIUM COMPLEX
PRIME LOCATION – SCHOOLS, BEACHES, SHOPPING, PAVED ROADS
Experts agree, “There are many indications that multi-family apartment investments will continue to be great:
- 75 million Baby Boomers areheaded into retirement
- Many of today’s apartment complexes may be converted to retirement communities in the future
- Many millennials aren’t buying homes
- It’s getting more expensive to build new apartment units
If you go into multi-unit right away, it could be the investment of your lifetime.”
La Meridiana is the perfect opportunity for an investor/developer ready to take advantage of Costa Rica’s desirable location and growing expat community. Looking for convenience for the tenants? Look no further! Due to the amazing location of these spacious apartments and condos, they can be marketed as permanent residences or vacation rentals. Take advantage of a central spot; Tamarindo, Playa Conchal, Playa Flamingo, numerous grocery stores, restaurants and 3 International schools are all within a 15-minute drive on fully paved roads. Liberia airport is only an hour away.
La Meridiana is situated in a tranquil environment dotted with palm trees, with swimming pools and green mountainous views spread out along the horizon. Lawns and leisure areas are impeccably groomed providing the ultimate luxury and comfort.
This project has the potential to generate over $400K in pure profit. Budgets, Profit & Loss statements and all financials are already prepared to facilitate a quick return on investment.
La Meridiana is a 4-phase opportunity with existing water and electricity infrastructure.
Phase 1, which is fully completed and occupied, with 1 block of large and well-appointed apartments/condos. Each section consists of a 2-story and 3-story building, common area, inclusive water well that covers all units, secure gated community and:
- Tenants with annual contracts currently generating immediate income.
- 10 luxury apartments furnished with 6 – 2 bedroom apartments and 4 – 3 bedroom apartments
- Private parking is registered in the registry for each apartment
- Pools exclusive to residents
- 24/7 security service
- Management service for residents
Phase 2 is 90% completed with 14 additional luxury residences joining the community. Anticipated completion for finishing touches is June 2018.
Phase 3 is 50% complete featuring 20 structural ‘shells’ for condo blocks ‘C’ and ‘D’.
Phase 4 is the land with underground infrastructure completed for 40 additional units.
Plans are already signed and approved for a total of 84 units, 2 pools, playground and security house. Each home comes with its own parking space that is also titled in the National Registry. This is not a dream for sale, this is a fully functioning community that is already generating a profit and revenue stream.
Now is the time to snap up this remarkable deal while it is fresh on the market!