Income-producing building for sale with ongoing development, featuring 13 completed apartments and 10 units under construction. Located in Barrio Sur, at Aquiles Lanza and Maldonado, steps from the rambla.
Features:
- 13 operating apartments: 11 one-bedroom units and 2 spacious lofts
- Approximate area per unit: 35 m²
- 10 additional units under construction
- Building almost entirely renovated, with an original 1950 structure
- Ground floor with reception and laundry room
- Two completed levels and two levels under development
- Space planned for elevator installation
- 339 m² plot (10.56 m frontage x 32 m depth)
- Each floor has two patios measuring 5 m x 5 m
Rental income:
- Average rent per unit: $35,000
- Furnished units with services
- Short-term rental arrangement
- Estimated return: 10%
