Savaneta, Apartment Complex For Sale

Property Information

Property Type: Property Land ( Eigendom)
Address: Savaneta #254-A
Location area: Savaneta
Country: Aruba
Listing Status: Active
Land size: 845 m2
Built size: 454 m2
Includes(2) apartments with (2) bedrooms, (1) bathroom, (6) apartments with (1) bedroom, (8) apartments in total. Air conditioners are also included in each apartment.

Property Description:

This amazing property, located in Savateta, laying in the mid-east area of the island, is a profitable investment all year round. Since it has 8 apartments that will increase your annual earnings. Currently, the state of maintenance of the apartments is in reasonably good condition. No serious structural defects have been found in the building of the property, only some wear and tear as a result of normal use and the age of the property.
The property can generate a total rental income between Awg: 8.000 to about Awg: 10.000, monthly. Looking at a Market Value of Afl 993.000.= and an Execution Value of Afl 795.000.= makes this property a steal for Afl 595.000.
After careful consideration of the above data and factors, taking into account the leasing capacity, and assuming that the current downward pressure on the free market value of real estate due to the Covid-19 Virus conditions, will not have a significant long-term effect on the market. The property is located on a paved and lighted road that is an offshoot of the main Oranjestad to San Nicolas road. It is located 150 meters west of the Savaneta Olympic swimming pool. It is a quiet and safe residential area with excellent neighbors. This wonderful property is just waiting for you to make your dreams come true…!!!!!!

Price : Awg: 595.000 / U$D: 340.000

Realtors Agent: Aurora or Raymond Tromp

Contact Us:
 (+297) 7307871 / (+297) 7317871

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