Excellent opportunity for investors, operators, or entrepreneurs interested in leasing an entire building, renovating it, and managing its units for commercial and residential subleasing.
The property consists of three (3) levels and offers an attractive combination of commercial spaces, apartments, and terraces. The tenant will have the opportunity to complete the necessary repairs, improvements, and renovations, subject to the terms agreed upon with the property owner, and subsequently operate and sublease the different units within the building.
PROPERTY LAYOUT
First Floor
Two (2) commercial spaces.
Both commercial spaces are currently leased.
They generate a combined monthly income of approximately $6,500.00.
Second Floor
Two (2) apartments, each with 2 bedrooms and 2 bathrooms.
One (1) studio apartment.
Third Floor
One (1) apartment with 2 bedrooms and 2 bathrooms.
Two (2) terraces with potential to complement and enhance the use of the property.
UTILITIES & INFRASTRUCTURE
The building is equipped with five (5) electric meters and five (5) water meters.
Currently, the apartments share the water service; however, the property has the necessary infrastructure to establish independent water and electrical connections for each apartment to its respective meter, facilitating the future individual operation and subleasing of each unit.
This property represents an excellent opportunity for anyone seeking a project with income-generating potential through the subleasing of commercial spaces and residential units, while adding value to the property through renovations and professional management.
Ideal for a tenant with an investment-oriented vision who is prepared to undertake the renovations and transform the building into a combined commercial and residential rental operation under one management.
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