Complex For Sale in Las Palmas - Eleven Islands - Total 11 Condos Playas Del Coco ( Guanacaste, CR ) Built

$1,100,000
Income Generator!

Palm Real Estate

  • Unique Opportunity
  • Type: Commercial
  • Style: Single Story
  • Bedrooms: 15
  • Bathrooms: 15
  • Size: 5,380 sq. ft.
  • Development Level: Built
  • Lot Size: 0.65 acres

Description

Start generating income right away with this turn-key, high occupancy, rental property.

Eleven Islands is a secured and gated condominium complex located in Las Palmas, a highly sought-after community in Playas del Coco. The beautiful landscaping, pool, large rancho and inward facing condos create a tropical oasis for short and long term stays. Only 150 meters/492 feet to the beach, it is the closet you can get for titled property.

There are eleven condos, four 2 bed/2bath hold down the corners of the complex and 7 studios fill in the sides to form a square. All units are fully furnished and offer on-site parking for 18 cars.

4 X Two Bed, Two Bath: 76m2 / 818sq. ft each
7 X Studios: : 28m2 / 301sqft
All condos fully furnished and equipped
Total construction condos 500m2 / 5380sqft.
+ Laundry Room, Bodega, Guest Bath + Covered Rancho/BBQ Area
Land size: 2659m2 / 0.65 Acres

Currently half the units are rented long term and half short term. This arrangement creates a steady stream of income to weather the two rental seasons (high and low) in Playas del Coco. Change it up a bit to include more short-term rentals, and it becomes possible to generate a greater return on your investment. The common area pool and large rancho also could be used to create additional income if offered as a place for a yoga retreat, diving lessons and family events.

Each studio maximizes function in a compact space. The kitchen has granite counter tops, bar height table, cook top, and refrigerator which provides everything needed for meal prep. Queen bed, built-in bedside table, closet and full bath with a shower, completes the interior of the studio. An outdoor patio adds to the living space of each of the studios.

The 2 bed/2bath corner units are perfect for families or couples traveling together. The L-Shape kitchen has granite counter tops, cook top, refrigerator, ample cabinetry and a breakfast bar. A dining table and sofa occupy the rest of the main living space. The master bedroom has an on-suite bath with a large shower, holds a queen size bed, has built in side tables and closet. Separated by the guest bath, the second bedroom is large enough to hold twin beds or a bunk bed and a closet.

The variety of restaurants, retail stores, medical and dental offices, banks, supermarkets and vibrant energy makes the beach town of Playas del Coco very desirable. This development is a short 3-5 minute drive or 10 minute beach walk away from downtown. The Liberia International Airport is 25 minutes from Coco making it easy to get to Eleven Islands.

Looking to invest in Costa Rica? Contact us now, this type of property doesn't become available often.

Attachments

P2#432744107
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Information is deemed to be correct but not guaranteed.