$225,000 - Multi Unit Investment Property near Puerto Viejo
Property ID: 997
$225,000
Multi-Unit Investment Property Puerto Viejo
This versatile corner estate in Playa Negra offers a structured multi-unit investment in Puerto Viejo, located within 500 meters of the Caribbean coastline. The property features two distinct constructions providing a total of three independent living units, designed to offer a diversified income stream for the savvy investor. At the rear of the lot, a duplex contains two identical two-bedroom apartments, each equipped with a full kitchen, bathroom, air conditioning, and a dedicated living area. A separate secondary building houses a one-bedroom studio apartment featuring its own private kitchen and bathroom facilities. All three units include independent outdoor sitting areas, ensuring a high standard of privacy and comfort for long-term residents or short-term vacation guests.
The property is strategically positioned on a corner lot with two independent street entrances, allowing for a logical separation between the rear duplex and the front studio. Securing a multi-unit investment in Puerto Viejo like this includes functional on-site amenities such as an above-ground pool and a covered rancho with an outdoor kitchen. Given its location in a high-demand sector of Playa Negra with limited local dining options, the property is uniquely suited for a mixed-use conversion into a boutique restaurant or commercial space. Furthermore, the central portion of the lot remains undeveloped, providing significant physical space for the construction of an additional residence, luxury bungalows, or a commercial structure to maximize total land value.
Currently occupied by long-term tenants, the property provides a stable foundation with the potential for increased yields through a transition to short-term rental management. This arrangement offers a new owner the immediate advantage of an established income stream while maintaining the flexibility to renovate or further develop the land. This represents a rare opportunity to acquire a functional multi-unit asset with significant commercial utility in one of the most competitive real estate markets in Costa Rica’s South Caribbean.
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