This fabulous, secure luxury estate compound includes an elegant, well-built 3-bedroom master home with an open floor plan and 8 fully outfitted, well-rented apartments. The entire enclave has been completely remodeled and has high potential for extra vacation rental income, with a total of 8 bedrooms. This private and secure world is a haven of quiet elegance and refreshing living. Great moneymaker.
The property has:
1) 6 independent newly added apartments, 1 bed and 1 bath,
2) A 2-story building with 2 identical apartments of 110 m2 (1,185 sq ft) each. They both have a great living room with an open kitchen, 2 bedrooms, and two bathrooms, and come with complete modern furnishings and equipment.
3) The main house is a one-floor, 275 m2 (2960 sq ft) well-built home, with a very great living room with a mock fireplace, an ample open kitchen with a broad counter and a pantry. The two guestrooms each have their own bathroom. The very large master suite has the biggest bathroom you can imagine with all the facilities, including a large walk-in closet. The master room has a great pool view as well as a very large screen TV. The floors are polished tile to complement the solid wood doors. There is a large, covered patio on the pool side with a stand-up bar to the kitchen. There is an indoor security system with 8 cameras.
4) A completely covered private swimming pool in the secluded back of the house is paired with a Miami Jacuzzi with two 3.5 HP and lots of deck space for sunbathing or for a big party.
5) Underroof gym area with outdoor showers. The terrace and garden areas are full of different fruit trees, orchids, and flowers. The walls are covered with bougainvillea in many different colors.
6) Large laundry room facility plus a pool house with a modern US pump and filter system. Also, a new bathroom and shower have been added.
7) Completely fenced-in green zone bordering the river with a refreshing gazebo, a large recreation rancho with a huge under-roof barbecue area, a bird shelter and a dog enclosure with house. There are security LED lights and cameras all around the garden.
8) Owner is renting out the 8 apartments on a long-term basis, with as a result a 4 to 5 % ROI. There is always a commercial opportunity to rent short-term with higher rates, which will easily create a 10% to 12% ROI.
There is a covered parking area for 4 cars and also a large tool shed and workroom and a lot of storage facilities all around the place.
The house was finished in 2006, and the renovation was done in two parts: one in 2018 and the final one in 2022, which was just finished, including the installation of 40 Solar Panels producing all the electricity needed, as well as a new roof. A true Gem for a great price! Owner is motivated. Asking now only $2,950.000.-
Down payment: $1M minimum, with the balance at an 8.5% interest rate with owner financing
