Invest in one of the Hottest Rental Markets in Costa Rica!
Sales Price both houses $300,000
- Land: 410 m2 (4,411 sq.ft.)
- Construction: 280 m2 (3,012 sq.ft.)
- Bedrooms: 4
- Bathrooms: 4
- Parking: 4
The Homes: Completed in 2014 - each are 2BR/2BA homes with very smart layouts, built to North American Standards. Open concept main living areas with vaulted ceilings, recessed lighting and bright kitchens with large center island - open to large covered patios overlooking the mountains. Off the kitchen each home has a back washroom with W/D, all electric panels and wiring for alarms, on-demand hot water systems, and mop sink. At the back end of each home, the Master bedrooms enjoy vaulted ceilings large walk-in closets with ensuite bathrooms. Guest rooms have open closet systems, high ceilings, full bath just outside door, so bathroom is for the main living area as well. Covered patios are also accessed through large sliding glass/screen doors in each bedroom. Homes come completely turnkey with all furnishings and appliances, ready to collect rent from day 1. Large gated entry and fully fenced.
The Town and Area: San Ramon and the mountains of the Central Valley are quickly becoming THE place for expats to purchase real estate. Right now, almost 65% of all expats move to this Central Area. And the mountains just outside the Central Valley are becoming the go-to area because the cost of living and lifestyle are what most people want. It is even becoming more and more popular with the Costa Ricans for the same reasons - healthy living, low costs, less crime than the city areas. Great schools, medical, access to amenities like shopping, restaurants - its pretty obvious once you are here why its become such a desirable area. Plus, you are just 45 minutes to the Central International Airport, 45 minutes to the Pacific Coast Beaches, 1.5 hours to the Arenal Volcano, 1 hour to San Jose and the City business centers… So what makes this such a great investment? If you come here to visit, or even rent for a while as you search for a home, there is almost NOTHING available to rent.
The ROI: These 2 homes, both 2 BR/2BA and in a modern style with all north American upgrades throughout, have been rented continuously for the past 3 years. As soon as they were built, they were rented out. Being sold now as a complete investment opportunity package, one house is waiting for the next renter, and the other has a 6+ month lease. The net income on the homes is 20,000/year. One home is being sold for $180k, a very good price in today’s market here. but purchase the second one for just $110k more as a package deal. You are looking at a wonderful investment opportunity. Presently. the owner uses one as a part-time home and part-time vacation rental, and rents the other one year round. BOTH homes bring in the same ROI , even with one being rented 1/2 a year because shorter rentals and vacation rentals actually bring in more $/day than a month long. But the choice is yours how you want to use them. Owning rentals myself, I am happy to shed light on the pros and cons for a new or even a seasoned investor with questions.
Location: Located on the crosshairs of 2 bus lines, your guests or tenants don’t even need a car to get into town. And within 15 minutes you could walk there! Overlooking the beautiful mountains towards Piedades de San Ramon, this is one of the most desirable areas of Costa Rica - San Ramon de Alajuela.
Climate: Mountains, fresh air - NO A/C or Heat needed. Another plus to the investment - no extra costs for heat or a/c, or the units, or the maintenance. Cool Mountain Air is still free!
FINANCING: PLUS! Owner financing available FOR QUALIFIED BUYERS
MARKETING: Already listed on Airbnb, and other rental sites
Start making money right away!
Incentive: Owner will take an automatic deduction of $2000 off list price towards your travel costs if you come and purchase before 2018. He is trying out a new venture and want’s access to the Capitol in the homes. No other reason to sell.