$259,000 7 Unit Multiplex Oceanfront!, Playas De Tijuana. Tijuana
Looking for a great investment right on the beach? This apartment complex provides the owner with rental income from 7 units; one 2-bedroom apartment and six-studio apartments.
The recent remodeling included new stucco and paint on the outside and courtyard area of the building, installation of new rustic tile on the floors and in the bathrooms, painting of the units, and refinishing of the beautiful solid wood doors and wood-framed windows. Even the bathroom cabinets and mirrors are custom made in typical rustic Mexican style.
A common laundry area is located off the courtyard for taking care of all those towels and
swimsuits after a long day lounging on the beach. For entertaining there is a built-in BBQ and patio area.
The two bedroom apartment is located upstairs facing the ocean with a large deck where tenants can watch the sunset or simply spend time people watching. For surfing enthusiasts, this is the perfect location -- just a few steps from a great surfing spot.
The building is being rented for up to $2500.00 per month for long term rentals or much more for the upcoming high-season vacation rental. With the potential of $30,000 annually in income, that is a 11.5% return on inventment for an oceanfront property.
Call or email to set up an appointment to see this income producing property.