Property ID: 1361

Five Independent Homes, Existing Tenants, and Future Potential

For buyers looking for an accessible entry point into the South Caribbean rental market, this property offers something very straightforward: multiple independent rental homes, existing long-term tenants, and the opportunity to improve the property over time.

Located in Los Cielos, a rapidly developing area of Playa Negra, the 1,000m² property has approximately 66 meters of road frontage and currently includes four completed rental homes plus a fifth home under construction. The existing homes have been consistently rented long term, providing an established rental operation from the outset.

Each completed home has its own entrance and fully fenced private yard, giving tenants a level of independence that is particularly well suited to long-term rentals.

The existing units include:

a 33m² studio with an indoor kitchen and covered entrance;
a 77m² two bedroom, one bathroom home with an open layout, indoor kitchen and living area, air conditioning, and a large covered patio that wraps around the house;
a 45m² studio with an indoor kitchen, outdoor patio, wet bar, and built-in cement pool;
and a 48m² studio with an indoor kitchen and covered outdoor sitting area.

The fifth home is currently under construction and is planned as a 40m² one bedroom, one bathroom residence with a large indoor kitchen, covered patio, and generous private yard.

The property already has significant infrastructure in place, including two wells, one drilled and one dug, a rainwater collection system with three 1,100 liter tanks, three septic systems, and established drainage. The completed homes were built in 2025, making this a relatively new rental property rather than an older complex requiring immediate structural renovation.

There is also room to improve the overall presentation and rental appeal of the property over time. The units are functional and have been designed around straightforward long-term living rather than high-end vacation rentals. A buyer could gradually invest in finishes, landscaping, outdoor areas, and other improvements as rental income and future plans allow.

The location is part of the appeal for an investor looking ahead. Los Cielos is developing quickly, with new residential construction continuing throughout the area. The public beach access at Playa Negra is approximately 2.5 kilometers away. The property itself is considerably closer to the coastline, although there is currently no practical access directly from the property to the beach.

The combination of multiple independent homes, established long term tenants, and substantial infrastructure gives a buyer a working rental property from day one, with the flexibility to improve and develop it according to their own priorities. The fifth house adds another layer of potential, whether retained as an additional rental or eventually separated from the property if permitted.

For an investor looking for an accessible way into the Playa Negra rental market, this property offers an opportunity to start with an operating portfolio of rental homes and build from there. With the area continuing to develop, there is room to increase the property's appeal and value over time while maintaining the rental operation that is already in place.

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