2BR / 2Ba 1060ft2 available mar 2
laundry on site
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Looking to buy a beautiful (below market priced) Condo in Granada, Nicaragua and earn income when not vacationing; This beautiful Condo is located in the quiet and safe residential Xalteva neighborhood, with views of the Mombacho Volcano and the city, within walking distance of the historic Central Park with shopping, restaurants and night life close by. Granada’s economy continues to grow in big part because it is fast becoming a tourist attraction for its colonial architecture; Xalteva Church; Plazuela de los Leones; Plaza de la Independencia; Central Park; Cathedral; Guadalupe Church; La Merced Church; Souls Chapel; the Condo is a Great value, with appreciation potential along with a steady income potential. This custom built Condo used High construction standards, with the best quality materials, craftsmanship and attention to detail. There is a common elegant pool, pergola, bar, laundry, A/C, TV/Cable, high speed wireless internet, 24-hour security, backup water system, onsite parking, and hot water. Part of the popularity of the Condo Hotel Xalteva is the rental management program which offers unit owners stable rates, consistent and high quality standards centralized marketing campaigns and shared revenue pools. The property is designed to operate as a “condo hotel” offering full service standards in the atmosphere of an intimate boutique hotel. This 2 bedroom, 2 bathroom condo has three rental potentials. The guest bedroom can be locked off and rented separately like a hotel room. The property has on site property management to handle the rentals of your condo to earn rental income. This gives the choices of renting the condo as a 2-bedroom suite, or occupying the condo and renting out the second room, or renting the 2 units separately.
I purchased this for purposes of mission ministry but due to an automobile collision resulting in a broken neck, I can’t pursue it and am selling the condo at a reduced price for fast closing. This is priced below market value of $164,900 for a quick sale of $139,900. This is the hotels projection of income potential.
Based on a purchase price of $139,900
projected 3 yr. annual yields 3.44% first year, 4.7% second year and 5.91% for the third year. Contact; Onno.Bierman 011 505-85088441 ( Nicaragua) show contact info or 011 505-25202892 ( Nicaragua) in USA Anthony show contact info
or Email show contact info
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