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$ 300,000
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Carretera a Guayabo (Ruta Nacional 209) Colón, SanJose 10701
6,996 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,996 sqft
Price per Sqft $42
Subdivision Https://Maps.App.Goo.Gl/B4Mzazsa8Qh2Zkv47?G_St=Ic
MLS Listing ID CR26010469M
Year Built 2012
Lot Size 10,763 Sqft
Property Sub-Type Commercial
Land Area 650
Property Description
Income-Producing Five-Unit Apartment Complex for Sale in Ciudad Colón, Costa Rica, an attractive opportunity for international buyers seeking immediate rental income, portfolio diversification, and long-term appreciation in one of the most desirable residential markets west of San José. Offered at US$300,000, this private complex includes five two-story apartments: two units with two bedrooms and three units with one bedroom, each featuring one full bathroom and a practical layout designed for the area's strong long-term rental demand. The property also provides a spacious shared outdoor parking area, convenient access from a main road, and the operational advantage of managing five rental units within a single asset. All apartments are currently occupied and generating rental income, allowing a new owner to acquire an established investment rather than starting with vacant units. Based on the available financial information, the property has an estimated gross potential income of US$37,250 per year. After applying a 5% allowance for vacancy and credit loss, estimated at US$1,862.50, the projected effective gross income is approximately US$35,387.50 annually. Estimated annual operating expenses total US$3,065, including approximately US$1,500 in property taxes and US$1,565 in owner-paid utilities and services, resulting in a projected net operating income (NOI) of US$32,322.50 per year. With estimated closing costs of US$9,000, the projected total investment is approximately US$309,000, producing an estimated return on investment of 10.46% and an approximate capitalization rate of 10.77% based on the asking price. The complex is strategically located approximately five minutes from downtown Ciudad Colón, ten minutes from Santa Ana, and fifteen minutes from Escazu, with convenient access to supermarkets, restaurants, schools, medical services, public transportation, business centers, and major highways. Ciudad Colón is known for its relaxed residential atmosphere, proximity to key employment hubs, and continued real estate growth, all of which support consistent rental demand and future appreciation potential. Combining active leases, established cash flow, five residential units, a convenient location, and streamlined management within one property, this complex is well suited for investors seeking a turnkey long-term rental asset in Costa Rica. All income, expense, ROI, and cap-rate figures are estimates based on the information currently available and should be independently verified through lease agreements, financial records, and the buyer's due-diligence process.
Location
State SanJose
County Mora
Interior
Furnishings Unfurnished
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
View Panoramic
Total Parking Spaces 10
Building
Story 2
Water Public
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