$360,000

Located in Playa Negra, one of the fastest-growing and highest-appreciation coastal areas, lies this prime 1,000 m² (0.25-acre) property—an ideal asset for investors seeking immediate rental income and long-term capital appreciation. The property features 5 distinct apartment units designed to maximize space, functional living, and privacy within a serene, tropical setting. Furthermore, it boasts a strategic location on a road planned for direct beach access in the near future, guaranteeing significant value growth. Unit Layout Breakdown Apartment 1 (Turnkey Unit): 1 Bedroom (Queen bed) 1 Full bathroom Integrated kitchen, living, and dining area Cozy covered terrace Dedicated parking space for 1 vehicle Apartment 2 (Spacious with Private Greenery): 2 Large bedrooms 1 Full bathroom Open-concept living and dining area Generous private garden and covered terrace Covered multi-purpose outdoor space (ideal for a workshop or storage) Parking for 2 vehicles Apartment 3 (Outdoor Living & Private Pool): Integrated Loft design (bedroom, living, and kitchen all-in-one) 1 Full bathroom Covered outdoor deck featuring an outdoor kitchen Built-in private plunge pool Private carport and dedicated laundry area Apartment 4 (Private & Secluded): Integrated living, dining, and bedroom layout 1 Separate bathroom Charming covered terrace Large private garden with dedicated parking space Apartment 5 (Under Construction / Expansion Potential): 2 Bedrooms Spacious living, dining, and kitchen area Oversized outdoor terrace Expansive private yard Two Purchase Options Purchase Option 1: 645 m² (6,942 sq ft) corner property with a 42-meter frontage. Includes 4 houses on the lot. Price: $310,000 USD. Purchase Option 2: 1,000 m² (10,763 sq ft) property that includes 5 built apartments. Price: $360,000 USD. Investment Highlights & Commercial Appeal Mitigated Risk & Continuous Cash Flow: Unlike single-family rentals, having 5 independent units diversifies income sources. If one unit is temporarily vacant, the remaining units maintain steady cash flow, securing your return on investment. Active Rental Revenue: The 4 completed units currently rent between ¢280,000 and ¢300,000 CRC each (approx. $615 to $660 USD per unit), generating ~$2,450 to $2,600 USD/month, with projections exceeding $3,200 USD/month upon completion of the 5th unit. Total Privacy & Pet-Friendly Design: Every apartment has its own private entrance and fully fenced perimeter. This ensures maximum tenant privacy and creates a highly desirable pet-friendly environment, driving high occupancy rates. Infrastructure & Utilities Lot Size: 1,000 m² (10,763 sq ft) Electrical System: 2 independent meters for optimized load distribution. Water Supply: 2 strategically placed water wells ensuring consistent pressure and flow across all units. Emergency Water Backup: 3 additional rainwater storage tanks providing seamless utility backup during power outages or main system maintenance. Appreciation Potential: Positioned directly on the road slated for future direct access to the ocean. Ready to make a smart investment in the Caribbean? Contact us today at Coldwell Banker Caribe to schedule a private walkthrough, review financial projections, and explore the full potential of this income-generating property in Playa Negra.