RESIDENTIAL COMPLEX FOR SALE IN PANAMA - N2303 172 Anton

BEST BUSINESS OPPORTUNITY! REDUCED $1M FROM THE ACTUAL PRICE of $2,490,000. OWNERS MOTIVATED TO SELL
This complex of 45 apartments, 42 of them completed, with autonomous units, is located in the Community of Antón on the road to Los Pantanos. The area is nice, quiet, and completely fenced with a security gate. Units include studios and apartments with one or two bedrooms. All units have an excellent finish, with imported cabinets and countertops in both the kitchen and bathrooms. The rental price varies between $250 for studios and up to $450 for two-bedroom, two-bathroom apartments. At this time and due to the pandemic there is a 35% occupancy of the units providing a continuous flow of income.
The complex has its own social and recreation area, with a pool with a hut for barbecues or parties. All units also have their own parking, either in the front or on the side of the complex, with parking areas. There is also an office area with air conditioning units available for rent. There is ample space for storage deposits and extra parking for visitors.
The complex is located on a plot of 8,289 m2 distributed as follows:
1,532 m2 of green areas
709 m2 of parking
746 m2 of sidewalks
2,120 m2 of internal streets
2,054 m2 of apartments
904 m2 storage area, common areas, laundries, and gazebo
The complex is made up of the following number of units:
20 studios
13 1-bedroom apartments
5 2-bedroom apartments
3 offices
1 house for the administrator of the complex
There is also the option to convert the development into a PH (Horizontal Property), thus allowing the sale of each unit separately. The seller is looking for a buyer for the entire complex, but also to rent the available units.
At this bargain price, this complex is an excellent opportunity to invest in an asset that is already producing a steady income!