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$ 695,000
Est. payment /mo
New
Multifamily Compound | Opportunity Near Tamarindo Cabo Velas, Guanacaste 50308
13 Beds
8 Baths
5,220 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 5,220 sqft
Price per Sqft $133
MLS Listing ID CR26013540M
Bedrooms 13
Full Baths 7
Half Baths 1
Year Built 2005
Lot Size 1.260 Acres
Property Sub-Type Single Family Residence
Land Area 485
Property Description
Multifamily Compound - Investment Property Near Tamarindo
?? Property at a Glance
Asking Price $695,000 USD
7 Units: 4 Studios + 3 Bigger Apartments of 3 BR each.
Construction Size 485 m²
Lot Size 5,100 m²
Road Frontage 137 m (double frontage)
Current ROI 8.5% yearly yield
Projected ROI ~14% yearly yield (with expansion)
2 active water meters + 3 water availibility letters
?? Income-Producing Property | Tamarindo Surroundings
Location & Overview
Nestled in a quiet residential area just 15 minutes from downtown Tamarindo and just minutes away from all possible amenities including international schools, pharmacies, clinics, groceries and more, this well-maintained property offers the perfect blend of tranquility and accessibility. Priced at $675,000 USD, it represents one of the strongest investment opportunities on Costa Rica's Golden Coast for investors looking at solid return on investment while operating all the units with long term rentals, which creates more certainty and less operational time consuming activities.
??? Construction & Finishes
Quality concrete block construction with warm natural wood finishes, recently renovated to bring a modern yet inviting aesthetic to the property.
??? Unit Composition
• 4 Studio Apartments
• 3 Three-Bedroom Apartments
• Spacious common area with mature fruit trees
• Swimming pool surrounded by lush, shaded gardens
• Frequent visits from squirrels, monkeys & tropical birds
?? Investment Highlights
Today: Generating an 8.5% annual return with the existing 7 units.
Tomorrow: With 2 active water meters plus 3 additional water availability letters, the vacant land offers significant room for expansion — pushing projected yields closer to 14% annually while operating the property only with long term rentals. Future units could target every market segment, from studios for solo travelers/ tenants to 2–3 bedroom apartments for families, suitable for both short and long-term rentals.
?? Standout Features
• ? Fully fenced with electric gate
• ? 137 meters of double road frontage — ideal for future lot segregation
• ? Vacant land with excellent topography for new construction
• ? Flexibility to subdivide and sell portions independently
• ? 2 active water meters + 3 water availability letters
• ? Mature fruit trees providing natural shade
• ? Central location close to all amenities and only 15 minutes drive to Tamarindo and multiple of the gold coast's best beaches.
This property is a rare find — combining immediate income, expansion potential, and long-term land value in one of Costa Rica's most sought-after coastal regions.
Schedule your private tour of this unique property.
?? Property at a Glance
Asking Price $695,000 USD
7 Units: 4 Studios + 3 Bigger Apartments of 3 BR each.
Construction Size 485 m²
Lot Size 5,100 m²
Road Frontage 137 m (double frontage)
Current ROI 8.5% yearly yield
Projected ROI ~14% yearly yield (with expansion)
2 active water meters + 3 water availibility letters
?? Income-Producing Property | Tamarindo Surroundings
Location & Overview
Nestled in a quiet residential area just 15 minutes from downtown Tamarindo and just minutes away from all possible amenities including international schools, pharmacies, clinics, groceries and more, this well-maintained property offers the perfect blend of tranquility and accessibility. Priced at $675,000 USD, it represents one of the strongest investment opportunities on Costa Rica's Golden Coast for investors looking at solid return on investment while operating all the units with long term rentals, which creates more certainty and less operational time consuming activities.
??? Construction & Finishes
Quality concrete block construction with warm natural wood finishes, recently renovated to bring a modern yet inviting aesthetic to the property.
??? Unit Composition
• 4 Studio Apartments
• 3 Three-Bedroom Apartments
• Spacious common area with mature fruit trees
• Swimming pool surrounded by lush, shaded gardens
• Frequent visits from squirrels, monkeys & tropical birds
?? Investment Highlights
Today: Generating an 8.5% annual return with the existing 7 units.
Tomorrow: With 2 active water meters plus 3 additional water availability letters, the vacant land offers significant room for expansion — pushing projected yields closer to 14% annually while operating the property only with long term rentals. Future units could target every market segment, from studios for solo travelers/ tenants to 2–3 bedroom apartments for families, suitable for both short and long-term rentals.
?? Standout Features
• ? Fully fenced with electric gate
• ? 137 meters of double road frontage — ideal for future lot segregation
• ? Vacant land with excellent topography for new construction
• ? Flexibility to subdivide and sell portions independently
• ? 2 active water meters + 3 water availability letters
• ? Mature fruit trees providing natural shade
• ? Central location close to all amenities and only 15 minutes drive to Tamarindo and multiple of the gold coast's best beaches.
This property is a rare find — combining immediate income, expansion potential, and long-term land value in one of Costa Rica's most sought-after coastal regions.
Schedule your private tour of this unique property.
Location
State Guanacaste
County Santa Cruz
Interior
Furnishings Furnished
Fireplace No
Exterior
Exterior Feature Fence
Parking Features Driveway, Gravel
Community Features Pool
Utilities Available Phone Available, Satellite Internet Available
Water Access Desc Public
Total Parking Spaces 10
Private Pool Yes
Building
Story 1
Sewer Septic Tank
Water Public
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