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Apartment Building for Sale

Posted 5 months ago
511 visits
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Price 600,000
Location Quito, Pichincha
Please contact Carlos
Description:
- 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?
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CarlosOrtizQfa Member
Member since 05 May 2017
Quito, Ecuador
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