Main Content

$495,000
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns
Apartment Building……With Good Returns

Property Details

Beds12Baths12Garage0

Property Description

If you are looking for an investment property with huge potential then you will want to look at Chonay Apartments. This property consists of 12 apartments each with their own kitchen and bathroom. The construction of this building is concrete which means this property was built to last. Additionally, this apartment complex was built by one of the premier builders on the Island.

This property is well managed and has many long term renters. So the property is turnkey and it will give any buyer time to decide how or when to update the property. Currently the manager lives in one apartment and collects rent and does light maintenance for the property.

This property currently makes a ROI of approximately 9%. All units have separate utilities that each tenant is responsible for.

San Pedro is in demand for housing for all of the resort workers so let this be the investment for you.

This property is located about 1.5 miles south of town and close to several resorts.

Annual property taxes are $310 bzd

Property Type Commercial, Investment

Property Status:For Sale

Property Features

Interested In This Property?

Agents

BROKER / OWNER
Jeff Bella Jeff Bella is Co-Owner/Broker of Re/Max Island Real Estate with offices on Ambergris Caye and Caye Caulker in Belize, Central America. Since 2011, Jeff's been bringing buyers and sellers together and managing their real estate transacti...

Network

Get In Touch

Sign up to receive Belize email newsletters and be the first to learn about off-market listings, open houses, exclusive events, research & market reports, and more.