Apartment for Sale Cabo San Lucas, Baja California Sur, Mexico - 15 Units Cabo San Lucas - Mondinion.com - Free International Real Estate Listings & International Property Ads, Overseas Real Estate

15 Units Cabo San Lucas

* Real Estate Listings, Apartments for Sale - Number of Bedrooms: 1, Number of Bathrooms: 1
* America, Central America, Mexico, Baja California Sur, Cabo San Lucas
* Date Posted: 2009-04-01
* Built area: 630 m2 (7,000 sqfeet)
* Land / Lot area: 450 m2 (5,000 sqfeet)
* Price: 800,000 USD (Built area: 1,269.84 USD / m2) (Land / Lot area: 1,777.77 USD / m2)

15 Units Cabo San Lucas

15 1bed 1bath bread and butter units located only a few blocks from the Tourist Zone of Cabo San Lucas. This area is always in demand as renters can walk to town and avoid traffic and taxi hassles which now plague Cabo. 12 of the units are located in one, two-story building and the other 3 units are located around the corner and are individual condos. The 12 unit building is ten years old, has separate electric meters and 1 water meter. All units are furnished and include bedroom closets, shower, 2 burner electric stoves, fridge, kitchen cabinets, electric hot water heaters and window a/c. All units are in good to excellent condition. The exterior of the building needs paint and the garden area needs TLC. The other 3 condo units have just been remodeled and are in excellent condition featuring new everything plus mini-split a/c in both rooms. The condos are located in a building which is also 10 years old and is in very good condition. The walk from the units to CaboWabo is approx 5 minutes. Cash flows at slightly over 6k/month as is. There will be tons of upside as market recovers. All cash or OWC with 50% down, 10 years at 6.5% int or roughly $4500/month.
Other Details: Number of Bedrooms: 1, Number of Bathrooms: 1
* Price: 800,000 USD (Built area: 1,269.84 USD / m2) (Land / Lot area: 1,777.77 USD / m2)
Keywords: Apartments, Mexico, Cabo San Lucas, Investment Property, Income, Owner Financing
Date & Time Listed: 2009-04-01 23:33:57 GMT

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