Property Type: Property Land ( Eigendom)
Address: Alto Vista #18- S
Location area: Noord
Listing Status: Active
Land size: 651 m2
Build size: 312 m2
Build year: 2013
Apartment Complex distributions:
9– apartments total:
3– apartments with two bedrooms + 1 bathroom.
3– apartments of 1 bedroom + 1 bathroom.
2– studio apartments + 1 bathrooms.
1– apartment + 1 bathroom + 1 bathroom.
Distribution of the property: Porch/entree, kitchen, adjoining dining room, toilet, back patio, A/C’s installed, Parking Space, laundry room, etc.
This incredible complex of (9) apartments is located in one of the most attractive and touristic areas of Aruba. It is located in Alto Vista, Noord.
This wonderful property is (land owned). Which makes it extremely attractive when investing in real estate.
The property is less than 7 minutes drive from the most beautiful and world-renowned beaches. It also offers you proximity to the hotel zone, restaurants, pubs, bars, shopping malls, pharmacies, gas stations, churches, and much more.
Its perfect location will take you to all major roads, from Noord to Oranjestad, all the way to St. Nicholas.
The apartment complex has its own main entrance and parking entrance. It has concrete and tiled floors in its exteriors giving an organized and well-distributed finish. Each apartment inside, has ceramic tile floors, a semi-furnished kitchen, and air conditioners.
It is a profitable investment throughout the year. Since it has (9) apartments that increase their annual earnings.
Currently, the maintenance condition of the apartments is in reasonably good condition. No serious structural defects have been found in the construction of the property, only some wear and tear as a result of the normal use and age of the property.
The property generates a total rent Awg: 8,800= per month, considering that all (9) apartments are rented monthly in their entirety. Obtaining a total annual income of; Awg: 105,600=. His monthly expenses are; Serlimar; Awg: 87,50 + Septic tank; Awg: 340 + Cable-Internet; Awg: 199= Awg: 626,50 x 12 months= 7.518 annual expenses.
Your annual income is; Awg 105,600 – 7,518 annual costs.
His net profit is; Awg: 98,082, annually.
After careful consideration of the above data and factors, taking into account feasibility, and assuming that the current downward pressure on the free market value of real estate due to Covid-19 virus conditions, will not have a significant long-term effect on the market. !!.
This is your great opportunity to invest in real estate, to move to the next level…. !!!!!
Price : Awg: 895.000 / U$D: 511.428
Listing Agent: Aurora Tromp or Raymond Tromp