Live for free and receive an income from this multi-apartment home in tropical Costa Rica.

Posted 3 months ago
234 Visits
Report this ad
Price 280,000
Address Villas Alicante, Alajuela, Costa Rica
Please contact GARY MUELLER
Rooms 3-5
Features Parking | Garden | Balcony / Terrasse
Posted by an individual

This four-apartment home, built by a Canadian builder, is ideally suited for retirees looking for an income beyond a pension. Live in the largest apartment while collecting $1,400 a month from the remaining apartments. Originally our tenants have been retired Americans seeking Pensionado status in Costa Rica. On average these tenants have been staying from 6 months up to 3 years. We have one apartment rented to a Costa Rican professional who has been a good tenant for five years, and the studio apartment has mostly been rented by Medical Intern students working at the local San Rafael Hospital and rotated every two months. Currently, two apartments are being rented through Airbnb for the base price of $59 per night.
The building consists of three one-bedroom apartments and a bachelor/ studio. Each unit has its own electrical meter so that tenants pay their own electricity. It has a three-car indoor garage, laundry room with washer and dryer, large storage locker, and a flagstone garden patio. Under the patio is a 1,600-liter water tank and a high-pressure pump to ensure that all units receive excellent water pressure regardless of how many people are using water, all units have hot running water .
This hilltop building has an amazing view of Poás Volcano and overlooks the town of Alajuela. All services, including hospitals, medical specialists, malls and plazas are within 5 minutes by Uber/ taxi, a little longer by local bus (stops 25 meters away), or a 20 to 35 minute walk.
Plus nature walks, Volcano tours, coffee tours and more attractions of Costa Rica are easily experienced as day trips.

This property is being sold due to divorce proceedings. The court appointed appraiser valued this property at $330,000 on March 30, 2017. We are now asking $240,000 or make an offer.

Interested in this ad?
tropicalguesthouse Member
Member since 03 May 2017
Alajuela, Alajuela, Costa Rica

Expatriate health insurance in Costa Rica

Free advice and quotation service to choose an expat health insurance in Costa Rica

Moving to Costa Rica

Find tips from professionals about moving to Costa Rica

Travel insurance in Costa Rica

Enjoy stress-free travel to Costa Rica

Flights to Costa Rica

Find the best prices for your flight tickets to Costa Rica