Building for sale in Calidonia, 2,094m2

Description

Location: Calle 35 E. and Avenida Perú, Calidonia, Bella Vista
Construction footage: 2,094m2
Land size: 672m2
Property Features
Recently remodeled building,
• 4 floors
• 43 apartments
• 11 apartments per floor
• Reception
• Commercial premises of 400m2
• Laundry area
• Reserve tank
• Gas heater in all rooms
• Service Area
• Office
• Generating income through housing rentals.
• Furnished rooms with kitchen and bathroom.

Location benefits:
• Close to Metro Station, Universities, Schools, Hospitals, Main Roads, Residential Areas, Restaurants, Banks, Public Transportation.
• The Metropolitan Natural Park is 2 km from this building, while the Omar Torrijos Recreational Park is just a 9-minute walk away. From the building, the Old Town of Panama is approximately 2 km.

Why invest?
• Building currently generating income
• 22 Airbnb apartment
• 21 apartment for monthly rent
• Gross return of 8.75%: This percentage is competitive in the real estate market, especially in income-generating urban properties.
• The combination of Airbnb and monthly rentals diversifies income streams, mitigating risks and maximizing profitability.

This property is not only a source of current income, but an investment with potential for revaluation and diversification, ideal for those seeking safe return and financial stability.

Sale price: $3,200,000
Price per m2 (Construction): $1,528.00