Overview

1. Location, location, location:

In the heart of Quito's tourist district, the property is located meters away from the Marriott, Holiday Inn and Hilton Hotel. This property has been operating as a successful apartment rental business for 20+ years, with units rented out all year round.

2. Excellent investment and source of revenue:

As of today the property consists of 10 apartments generating a revenue of $2500/month. There is unused space in the building where at least 5 additional apartments can be constructed, which would generate a total revenue of $3750/month.

3. Steadily increasing in value:

Due to its central location, the area is booming and has seen plenty of development in recent years. In the past 20 years the surrounding area transformed from a quiet residential neighbourhood to a bustling commercial and entertainment district. Shopping centers, restaurants, universities, banks, office buildings and newly constructed residential towers are now part of the landscape.

Front of Buildling
Price
$500,000
Listing ID
CS1800005
Property Type
Commercial Condo Building
Listing Type
Commercial Sale
Status
Active
Images
7
Beds/Baths
10/10
Location Type
Urban
View Type
City View
Total Lot Size
433.00 m² (4,660.75 sq ft)

Description

Details

Number of Bedrooms
10
Number of Full Bathrooms
10
Total Interior Area
1,000.00 m² (10,763.87 sq ft)
Total Lot Size
433.00 m² (4,660.75 sq ft)
Number of Stories
3
Construction Type
Concrete
Construction Status
Completed
Year Built
1997
Air Condition & Heating
No
Furnished Type
Fully
Pool
No
Jacuzzi
No
Parking Type
Carport
Number of Parking Spaces
3
Location
La Mariscal - Quito, Quito, Pichincha, Ecuador
Country
Ecuador
State
Pichincha
County
Quito
City/Town
La Mariscal - Quito
Location Type
Urban
Geographic Type
Highlands
View Type
City View
Street Access Type
Paved Road
Type of Water
City Water
Type of Electricity
Public
Type of Sewer
Public
Type of Internet
Cable Internet
Type of Television
Cable Television

Pictures

Map

Disclaimer

Information regarding this property has been provided by its owner and/or the owner's agent. Neither Propertyshelf nor MLS Ecuador will be held responsible for the information contained herein. For more information on ownership risk, please see the legal section. When purchasing property, clients are advised to consult with their own attorney.