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03 SAN FRANCISCO PICCOLO, CATALINA CONDOS, Loreto,
New Listing
Description
Supplements: Excellent investment opportunity in Loreto, Baja California Sur. This 8-unit apartment building features a swimming pool, BBQ area, common areas, and dedicated parking for each unit. The property offers an attractive mix of one- and two-bedroom apartments, providing multiple rental income streams within a single investment. PROPERTY HIGHLIGHTS Lot Size: 646 m² / 6,953 sq. ft. Condominium Area: Approx. 490 m² / 5,274 sq. ft. + common areas Total Units: 8 Total Bedrooms: 12 Total Full Bathrooms: 12 Parking Spaces: 8 Swimming Pool: Yes BBQ Area: Yes Annual Property Tax: Approx. $12,000 MXN UNIT MIX Four 2-Bedroom Apartments * 2 bedrooms * Living room * Dining area * Kitchen * 2 full bathrooms * Approximate rent: $18,000 MXN/month per unit Four 1-Bedroom Apartments * 1 bedroom * Living room * Dining area * Kitchen * 1 full bathroom * Approximate rent: $12,000 MXN/month per unit RENTAL INCOME POTENTIAL Four 2-bedroom units: 4 × $18,000 MXN = $72,000 MXN/month Four 1-bedroom units: 4 × $12,000 MXN = $48,000 MXN/month TOTAL POTENTIAL RENTAL INCOME: $120,000 MXN/MONTH Potential Gross Annual Income: $1,440,000 MXN Annual property tax is approximately $12,000 MXN. ONE PROPERTY · EIGHT INCOME-PRODUCING UNITS With eight independent apartments, this property offers investors the advantage of multiple rental income streams, reducing dependence on a single tenant. The property may also offer flexibility for different operating strategies, including long-term residential rentals and vacation rentals, subject to applicable regulations and operating requirements. A compelling opportunity to acquire an income-producing multifamily property in Loreto, featuring 646 m² of land, approximately 490 m² of condominium space plus common areas, a swimming pool, BBQ area, and eight dedicated parking spaces.
More Information MLS# 26-4070
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