$95,000 Oceanfront for under 100k, Playas De Tijuana, Tijuana
Are you looking for an exceptional investment property located near ocean front at a good value? This three story, 1800 sq ft building with 3 one bedroom apartments is on a 600 sq foot lot located oceanfront across the boardwalk from a beautiful sandy beach and just to the south of the palm tree lined Parque de Mexico in Seccion Monumental, Playas de Tijuana.
All three units have white water ocean views and is located at the corner of Paseo Costero and one of the stairways to the beach on the boardwalk and just a half block away from the municipal park.
A short walk down the street are the commercial areas of playas with restaurants, shopping, night clubs, services and offices. There is the boardwalk out the door on the beach for taking walks and people watching.
The 3 units have the potential of bring in $1200 per month in rental income which is a 12.5% return on investment annually. Although the building is structurally sound, it is in need of deferred maintenance and upgrades but, can be lived in as is.
Call or email for more information and to set an appointment to see this and other good investments on the beach. The possibilities are endless with this diamond in the rough!