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Beautiful Multifamily Complex in Quiet Area Villareal, CR

Listing GL-DG-10
  • Beds 10
  • Baths 7
  • Size 3,767 sq. ft
  • Lot Size 350 sq. m.
$849,000
  • Status Active
  • Property Type Home
  • Neighborhood Villareal

About This Property

This beautifully built and landscaped multifamily residential complex, located just a 10-minute drive from Tamarindo Beach, offers an excellent income-generating opportunity. With its prime location in a quiet area close to all amenities, this brand-new, modern construction is perfect for both long-term and short-term rentals. Currently, all units are leased.

Tamarindo is a vibrant Costa Rican beach town known for its numerous activities, including dining at incredible restaurants, fishing, surfing, horseback riding, exploring protected natural reserves, and enjoying beautiful white sand beaches. These attractions make Tamarindo and its surroundings ideal for rentals. Additionally, the property is only 15 minutes away from several international schools and medical centers.

This multifamily complex is a fantastic investment in a growing area, offering the potential for a healthy return on investment while allowing the owner to live in one of the units and enjoy the Costa Rican lifestyle. Currently, all units are rented long-term, reflecting the high demand for such rentals in the area. The current owners have carefully selected tenants to maintain a great atmosphere within the complex, which they use as their main residence. There is also potential to increase income by converting the property to short-term rentals.

As you enter the complex through the impressive wooden electric gate, you'll find the first studio apartment and parking area to the left, ensuring a pedestrian-safe common area. On the right side of the property is a private 3-bedroom home, ideal for families or groups of friends. In the middle, at the top part of the property, is a spacious 2-bedroom home with a living area and kitchen, with rooms at the back. The top right corner houses two more units: another studio apartment and an additional 3-bedroom home. The complex also features a swimming pool and rancho area, perfect for entertaining or relaxing with morning coffee or yoga while enjoying the local birdlife. The entire complex is fenced, landscaped, well-maintained, and ready for turnkey delivery to a new owner.

Property distribution includes two independent studio apartments with 1 bedroom, 1 bathroom, and a kitchen each; two homes with 3 bedrooms, 2 bathrooms, a kitchen, and a living area each; and one home with 2 bedrooms, 1 bathroom, a kitchen, and a living area. In total, the property offers five units comprising 10 bedrooms and 7 bathrooms. The complex also features a BBQ area and a swimming pool with a yoga deck.

Do not hesitate to contact us for your personal tour of the property!

Property Details

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