Have you’ve been looking for a good investment property that will generate income? or a great commercial property with high-quality apartments included that can be rented out? Well, this is your chance!
Located only a half block from the beautiful river and park that stretch for miles and a half block from the Monay shopping center this property has everything you could want for commercial and residential use.
In this up-trending neighborhood of Cuenca, you will find the best of both of these worlds exist. On the commercial side, you have daily public traffic frequenting the area with the popular Monay shopping mall directly behind the property. Also, you have a rehabilitation center right next door and dentist office where 50 or more patients per day are coming and going for their services 6 days a week.
This property was purchased about a year ago by an American couple, who identified the property with the attractive location as an ideal investment. They decided to buy the property based on this commercial use. So utilizing the spacious first level which has been divided to support 2 or 3 different businesses, the property has the ability to generate many separate income sources. There is even a reception area at the entrance of the first level.
The 2nd , 3rd and 4th levels are for individual residential apartment rentals, offering consistent, monthly cash flow for each apartment as well, so you have a property that can be producing rental income in addition to the businesses on the first floor.
Two properties down is a family owned restaurant and across the street is a little grocery shop and a car wash, making it a visible and ideal location for any type of business, but of the other major attractions to the property, location is it offers a beautiful park setting for nature walks just one block away.
There is a beautiful river flowing for miles and a wonderful walkway next to it so one can take relaxing walks and even work out in the well maintained outdoor gym that is located right across the street with multiple workout stations provided as a public service in a safe and friendly neighborhood.
From the apartment rental perspective, tenants, have the best of both worlds only one block away in either direction. For those who do not drive, the shopping mall has a huge market place for all household needs with a very large selection of quality foods, food courts and more. There’s even a local yellow cab taxi stand at the front of the mall, just a short walk and a western union service with ATM machines for convenience, all within close walking distance.
The current owners of the property recognized the dual attraction of the properties location from an investment perspective and the fact of the property generating multiple income streams. They saw a need to remodel, upgrade and improve the existing 4-year- old structure with all new ecological, green plumbing throughout, electrical upgrades, and so much more including a top of the line security system with surveillance cameras. Everything in the building has been remodeled to what is referred to here, in Ecuador as “Gringo Standard” from an American’s point of view and they have done a wonderful job in doing just that.
This is a must see property to appreciate the all the fine details, including all new floors, granite countertop kitchens, new bathrooms, gorgeous matching custom wood work throughout, freshly painted refinished walls and ceilings, new hot water heaters on all floors, air-tight windows, ETC.
The upgrades and remodeling were done to attract those who have a higher standard and want a clean, healthy environment to live or work. Even the exterior was completely remodeled, resurfaced and upgraded to create exceptional curb appeal. This is a property that must be seen to appreciate for all its beauty and even more so, value.
Nothing was left unattended to make a statement within the neighborhood, that says, Yes! “I want to live here or do business here”. Come see for yourself, this property has it all.
Don’t be surprised if you find yourself wanting to move in ASAP!
So, call us today for a showing of this Cuenca investment opporutunity before it’s gone!
This article was originally posted on www.ecuadorexpatrealty.com. All copyright and trademark protections apply.
| Price: | 315,000 |
| City: | Cuenca |
| Year Built: | 2011 |
| Floors: | 4 |
| Bedrooms: | 7 |
| Bathrooms: | 7 |
| Property Type: | mixed-use |
