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Apartment Complex For Sale Oranjestad

$1.299.000

Description

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Two storey apartment complex on 951 m2 property land with 18 apartments which offer you a ROI of more than 12,5% per year, without a transfer tax of 6% and more interesting conditions!

Recently totally renovated and painted (inside and outside)
Fully furnished
Centrally located
Community pool and garden with landscaping and sunbathing chairs
Laundry room
Parking space on property land
Supermarket across the street
1st level comes with 9 well maintained 1-bedroom apartments, 6 with a small outside area
2nd level comes with 8 well maintained 1-bedroom apartments and 1 studio with a private porch
Very easy to manage
An up-to-date an well liked Facebook page

The pool surrounded by green landscape, a nice gazebo and sunbathing chairs makes it prefect for the tenants to feel at home and relax in a very pleasant ambiance.

The laundry is stocked with recently replaced washing machines and a dryer and generate an extra income.

The last years demand has always been higher than supply of apartments. Switching of tenants is very easy because water is included and elektra is with a prepaid meter.

Costs are minimized which means a net return of more than 10.5%.

The owner of the property is a NV with a license since 14 years, which is interesting for not-Arubans to be 100% owner of a NV and get the their permit(s) for Aruba, and you don’t need to pay transfer tax of 6%.

Opportunity to further improve and grow.

Please contact us to discuss this rare investment opportunity in further detail, more pictures or a viewing!

Detail

  • Transfer
  • Property ID:
    6026
  • Price:
    Asking price $1.299.000
  • Acceptance:
    In consultation
  • Availability
  • Property Status:
    Available
  • Building
  • Property Type:
    Commercial
  • Surfaces and spaces
  • Land Area:
    951 m²
  • Divisions
  • Land registry
  • Land Area:
    951 m²
  • Address:
    Oranjestad Aruba
  • City:
    Oranjestad
  • Neighborhood:
    Apartment Complex For Sale
  • Country:
    Aruba