$225,000 - 5 Bd/3 Ba - Multi Unit Investment Property near Puerto Viejo
Property ID: 997
$225,000
Multi Unit Investment Property Near Puerto Viejo with Expansion and Commercial Potential
This multi unit investment property near Puerto Viejo is a titled 500m² asset located in Playa Negra, approximately 450 meters from the Caribbean coastline. The property is configured for immediate income generation while retaining clear upside through redevelopment, expansion, or mixed use conversion.
The site includes two separate structures comprising three independent rental units. At the rear of the property, a purpose built duplex offers two identical two bedroom apartments. Each unit includes a full kitchen, bathroom, air conditioning, and a defined living area, making them well suited for long term residential tenants or short term rental use. A separate front structure contains a one bedroom studio apartment with its own kitchen and bathroom, fully independent from the duplex.
The property sits on a corner lot with two separate street accesses, allowing for operational separation between units and flexible use of the site. Each residence benefits from its own outdoor sitting area, supporting tenant privacy and livability. Shared amenities include an above-ground pool and a covered rancho with an outdoor kitchen, enhancing rental appeal without over complicating maintenance.
A central portion of the lot remains undeveloped, presenting a clear opportunity to add additional rental units, a private residence, or a small commercial structure. Given the property’s location in a high demand section of Playa Negra with limited dining and service offerings, the layout and frontage also support a potential transition to a boutique restaurant, café, or other neighborhood scale commercial use, subject to permitting.
The property is currently occupied by long term tenants, providing immediate cash flow. A new owner may maintain this stable base or reposition the asset toward short term rentals to increase yield. This offering is a practical acquisition for investors seeking a functional, income producing property with tangible development flexibility in Puerto Viejo’s most competitive markets.
We welcome all parties with or without representation and collaborate with all agents. All information is deemed to be accurate but not guaranteed.
