SOLD

Located in Coco del Mar, Panama City this building has being 100% rented since completion of construction seven years ago, and presents a hassle free investment for the savy investors who while having his investment return 7% per annum will also be positioning himself to take advantage of the high capital appreciation in this area and affors himself the opportunity to construct a high rise in the future as this builging is designated high density but currently does not take advatage of this faccet.any high rise constructed on this location would have sea views from the 5th floor up and therefore command premiun prices.

SOLD

Description

The building is seven years old and comprises 12 apartments suites , 6 1 bed and 6 2 bed. The one beds are 50m2 and the 2 beds are 67m2. All are currently rented and have being so for the last number of years.The rented generated is $4,800 per month and there is a further $200 per month from the laundry enterprise.Therefore the total yearly rental income is $60,000.
The current asking price is $800,000 U. S. Dollars.Therefore the rental income on investment is around 7%.

Viewing is exclusively by appointment through First Panama Investment Corp.

Contact now info@firstpanamainvestment.com