Apartment Building for Sale

Posted 8 months ago
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Price 600,000
Location Quito, Pichincha
Please contact Carlos
- 4,650 sq ft lot size
- 10,000 sq ft residential space, gardens and parking
- 10 fully furnished apartments, each with kitchen and bathroom facilities

About this rental business:

1. Location, location, location:
In the heart of Quito's tourist district, the property is located meters away from the Marriott, Holiday Inn and Hilton Hotel. This property has been operating as a successful apartment rental business for 20 years, with units rented out all year round.

2. Excellent investment and source of revenue:
As of today the property consists of 10 apartments generating a revenue of $2500/month. There is unused space in the building where at least 5 additional apartments can be constructed, which would generate a total revenue of $3750/month.

3. Steadily increasing in value:
Due to its central location, the area is booming and has seen plenty of development in recent years. In the past 20 years the surrounding area transformed from a quiet residential neighborhood to a bustling commercial and entertainment district. Shopping centers, restaurants, universities, banks, office buildings and newly constructed residential towers are now part of the landscape.
Interested in this ad?
CarlosOrtizQfa Member
Member since 05 May 2017
Quito, Ecuador
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