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Bright And Spacious Mountain Home For Sale In El Valle Panama
Downtown El Valle Corner Home For Sale With Income Producing And Beautiful Gardens
Investment Building For Sale Fully Rented and Managed

Investment Building For Sale Fully Rented and Managed

El Cangrejo, Bella Vista, Distrito Panamá, Panamá, 1080, Panama

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Sold

$1,900,000

Bedrooms
35
Bathrooms
22
Year Built
1996
Area
14434 Sq Ft 1341 m2
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  • Building for Sale in El Cangrejo
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Description

Fully rented and managed building for sale in El Cangrejo, Panama.

There are 20 apartments and two street-front commercial units. These include 15 two-bedroom apartments and 5 one-bedroom apartments. Commercial spaces measure approximately 95m2 each and commercial tenants have been in the building for 10+ years.

Current rent $11,962. Rent at 100% occupancy is $12,400. Current total expenses $1,860.

This property has a very low tax basis and an excellent, safe location. There are plenty of opportunities for improvement.

Currently managed by Panama Equity Property Management since 2018. Good tenants, current contracts, opportunities to increase rents including painting façade and remodeling units.

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