Property Description

This 698.91 m² (7,523 ft²) property is located on Calle C Sur, between Seventh and Eighth Avenues, just 500 meters from Universidad Latina and less than 1 km from the iconic Cervantes Park. The property includes an approved project to build 3 apartments, each with 2 bedrooms and 1 bathroom, with a rental potential of $400 per unit per month. This means a total monthly rental income of $1,200, ideal for investors seeking passive income. The estimated cost for construction and remodeling is $108,000, while the total selling price is $130,000. Based on these numbers, the estimated annual income from renting out the 3 apartments would be $14,400, providing an attractive return on investment (ROI). With a total investment of $238,000, the estimated annual ROI is around 6.05%. Don't miss out on this opportunity to acquire a high-income potential property in a growing area like David, Chiriquí