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Playas De Tijuana (Tijuana, Baja California, MX - 22020)
MLS® $215,000 USD Investment Opportunity
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"Corner Lot, near Beach, reduced again"
 

MLSbaja.com
an MLS Baja Properties,S.C. affiliate


Jane Norton
 
Jane Norton
Email Jane
 
Phone: (760) 494-0650
Other: 125*16908*14
Cell: 52(661)-100-2538
Fax: (866)213-1609
 
Details

Address: 10 Unit Multiplex on Corner Lot Type: Multifamily Style: 10 Units Total Bedrooms: n/a "Four 2 BR Units, Six 1BR" Bathrooms: 10 "one bath per Unit" Garage: "Street Parking" Size: 800 sq. m. "2 Story" Lot Type: Rectangular Lot Size:  420sq. m.  n/a "On Corner Lot" Year Built: n/a "Structurally Sound"
 
Description

Exceptional investment property with up to 14% return on investment? Two story, 800 sq mtr of construction on 420 meter lot, 10 unit apartment complex located on a corner lot located across the street from a beautiful sandy beach and just to the south of the palm tree lined Parque de Mexico in Seccion Monumental, Playas de Tijuana.

There are 4, two bedroom, one bath apartments and 6 one bedroom, one bath apartments. Most units have white water ocean views and come partially furnished. Just steps away from the park and the beach. Just down the street you have the commercial area of playas with restaurants, shopping, night clubs, services, offices and the boardwalk along the beach.

The 10 units are now renting for a total of $3000 per month which equals $36,000 annually or 14.6% return on investment. Although the building is structurally sound, it is in need of deferred maintenance and upgrades or it can be reconstructed adding up to two additional stories. Being on such a main intersection near the beach and park without any commercial stores near by, there are many options that can be explored for monthly income besides residential rentals.

Was originally listed for $425,000.00 and then dropped to $315,000, now it is at $245,000. The possibilities are endless with this diamond in the rough!
 
Highlights

▪ Walking Distance to the Beach ▪ Close to Beautiful Park
▪ Spectacular Oceanviews ▪ Extra Large Corner Lot
▪ Walking distance to Restaurants, Shopping, Theatre and Night Life ▪ Proven Rental for All units totalling $3,000/month (undervalued rent)
▪ Partially Furnished ▪ Lowest Priced Property in a better Community

Features
Exterior Finish
▪ Stucco
Sewer/Water Systems
▪ Public
Roof
▪ Asphalt
Lot Features
▪ Corner Lot
View
▪ City Lights ▪ Ocean View ▪ Panoramic
▪ Park
Extra Features
▪ Balcony ▪ Cable Available ▪ High Speed Internet Available
▪ Lobby ▪ Pets Allowed
Cooling
▪ Other
P2#1436251

Information is deemed to be correct but not guaranteed. MLS Baja Properties, S.C. attempts to offer ONLY properties eligible for both Title Insurance and Financing, but cannot promise compliance by all cooperating agents until offers are presented subject to review of all documentation.



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