Montes de Oca - San Pedro, San Jose, Costa Rica

Overview - ListingID 90070100168

Price: USD $ 1,500,000.00 Contract type: Sale Property type: House/Villa
Property general location: Mountain/Hill/Farmland New or pre-owned: Furnished:
Bathrooms: Bedrooms:
Stories/floors: Lot size: 662.15 m2 | 7,127.38 ft2
Construction size: 0.00 m2 | 0.00 ft2
Living space: m2 | 0.00 ft2 Garage, patio, porch,etc: 0.0 m2 | 0.00 ft2
Price: 1500000.00
Contract type: Sale
Property type: House/Villa
Property general location: Mountain/Hill/Farmland
New or pre-owned:
Furnished:
Bathrooms:
Bedrooms:
Stories/floors:
Lot size: 662.15 m2 | 7,127.38 ft2
Construction size: m2 | 0.00 m2
Living space: m2 | 0.00 ft2
Garage, patio, porch,etc: m2 | 0.00 ft2

Description


                                this apartment complex is located in san pedro, walking distance to almost everything: major banks, universities, schools, restaurants, theater, major highways, bus and taxi services. 
complex has 16 one bedroom fully furnished apartments, most units are rented to foreign exchange students.  current roi is 7.4%  
 
unit descriptions: 
-16 one bedroom apartments 
-dsl wireless internet 
-cable tv 
-bathroom with hot shower 
-kitchen/dining area 
-living room area 
-fully equipped!! 
 
 
income 
rental income in 16 apartments 
june through november 
three month contracts 10 apartments $480 x 10= $4,800 /month rental income x 6 months= $28,800 
one month contract 6 apartments at $600 x 6= $3,600/ month rental income x 6 months=$21,600 
december through may 
three month contracts  5 apartments $480 x 5= $2,400/month rental income x 6 months = $14,400 
one month contracts  6 apartments $600 x 6= $3600/ month rental income x 6 months = $21,600 
one week contracts 5 apartments $230/week x 5= $1,150/week income x 4 weeks= $4,600 x 6 months= $27,600 
per day (sometimes) $70/day 
 $114,000/year total income 
laundry service income 
40 loads x $7/load = $280/week 
$280 x 4/weeks = $1,120/month 
cleaning service income 
$20 x 16 = $320/week 
$320 x 4 weeks = $1280/month 
monthly income 
rents- varies- see high and low season 
laundry service- $1120 
cleaning service- $ 1280 
total monthly income = varies high/low season 
total annual income from rents $114,000 
total annual income from cleaning and laundry-$28,800 
total income- $142,800.00 
the return is 9.52% per year.  that is 142800/1500000=.0952.  thus it takes 1/.0952 or 10.5 years to recover your 1.5 million.
                                

Features:

  • Air conditioning (A/C)
  • Garage capacity: 0
  • Bedrooms:
  • Half bathroooms:
  • Stories / floor:
  • Bathrooms:
  • Home Owners Association (HOA)
  • View
  • Maid quarters
  • Swimming pool
  • Year built:
  • Gated Community
  • Covered
  • Garage Open

Location and Map

Country: Costa Rica
State or Department or Province: San Jose
Location: Montes de Oca - San Pedro